What is the expected value of perfect information?

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Operations management

ISBN: 978-0132163927

10th edition

Authors: Jay Heizer, Barry Render

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Question Posted: Jan 09, 2014 07:18 AM

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What is the expected value of perfect information and how can it be determined?
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What is the expected value of perfect information?

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EVPI is the difference between payoff under certainty and ma...View the full answer

Operations management

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