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(EVPI) STATE OF NATURE FAVORABLE UNFAVORABLE ALTERNATIVE EMV MARKET ($) MARKET ($) Construct a large plant 785,800 -725,800 Construct a small plant 649,900 -359,900 Do

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(EVPI) STATE OF NATURE FAVORABLE UNFAVORABLE ALTERNATIVE EMV MARKET ($) MARKET ($) Construct a large plant 785,800 -725,800 Construct a small plant 649,900 -359,900 Do nothing 774,800 -564,800 With perfect information Probability 0.26 0.74 Expected Value of Perfect Information (EVPI) =

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