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For the Orlando real estate investment problem, assume the probabilities for the gasoline shortage, stable supply and surplus are .5, .3 and .2, with the
For the Orlando real estate investment problem, assume the probabilities for the gasoline shortage, stable supply and surplus are .5, .3 and .2, with the perfect information (i.e., knowing the gasoline availability information in advance), the expected payoff for the investor would be $6,000 $11,500 $15,000 $20,000
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Introduction to Management Science
Authors: Bernard W. Taylor
11th Edition
132751917, 978-0132751919
