probabilities .2,.3,.5

Ardmore, OK Sweetwater, TX Lake Charles, LA DEMAND DEMAND IS MEDIUM DEMAND IS HIGH IS LOW 140 150 90 145 145 130 135 110 d) Which location would be selected to minimize the expected cost of operation? e) How much is a perfect forecast of the demand worth? EM f) Which location would minimize the expected opportunity loss? EOL g) What is the expected value of perfect information in this situation? EVPI