operation research evpi

b) Suresh find the probability of demand distribution of luxury car ' s ' as follows: [6] [] [2948]205 5 The selling price of the car is Rs. 10,00,000/- and it costs to Suresh Rs.6,00,000/- Suresh has always followed a rule for initial purchase, purchase 3 cars. Find the expected daily profit under the decision rule of buying three cars each morning. If the fees for perfect information is Rs. 1,00,000/- calculate the expected monetary value of the venture with perfect information (EVPI)