EVPI calculation
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EVwPI-EMV Max, where EMV Max is the equation of the line that has the
highest solution at the given probability
- simplify these lines then plug in the probability to solve for p
revenue =
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Price x Quantity
, infeasible solution
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(no solution) no point that satisfies all constraints, no feasible region, no
corner points
circle - decision tree
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EMV, state of nature, calculation
Corner Point Theorem
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optimal solution of a linear program problem occurs at one of the linear
corner points of the feasible region
strategic decision
Give this one a try later!
Give this one a try later!
EVwPI-EMV Max, where EMV Max is the equation of the line that has the
highest solution at the given probability
- simplify these lines then plug in the probability to solve for p
revenue =
Give this one a try later!
Price x Quantity
, infeasible solution
Give this one a try later!
(no solution) no point that satisfies all constraints, no feasible region, no
corner points
circle - decision tree
Give this one a try later!
EMV, state of nature, calculation
Corner Point Theorem
Give this one a try later!
optimal solution of a linear program problem occurs at one of the linear
corner points of the feasible region
strategic decision
Give this one a try later!
