📘 decision analysis

1. **Problem Statement:** Mr. Chiwetalu must choose among three companies (BetaGold, Ladap, GCV Limited) and their departments (Y or Z) based on expected monthly earnings. 2. **For

1. The problem is to calculate the Consistency Ratio (CR) for the given pairwise comparison matrix in Analytic Hierarchy Process (AHP). 2. The CR is calculated to check the consist

1. **Problem Statement:** We have three investment alternatives with payoffs under three economic conditions and their probabilities. We want to find the preferred decision using e

1. **State the problem:** Makutano Company must decide whether to develop a new product with a research and development (R&D) cost of 500000.

1. **State the problem:** Makutano Company must decide whether to develop and launch a new product.

1. **Problem Statement:** TechNova Solutions must decide between launching a smart home device immediately or conducting a market trial first, then deciding to launch or cancel bas

1. **State the problem:** We are given three probabilities: $0.4$, $0.3$, and $0.3$.

1. **State the problem:** Calculate the Expected Monetary Value (EMV) for Product X. 2. **Given:**

1. The problem is asking whether market research should be conducted given the EVPI and the cost of market research. 2. EVPI (Expected Value of Perfect Information) is $15,000.

1. The problem asks which measure evaluates the cost associated with uncertainty in decision-making. 2. EVPI (Expected Value of Perfect Information) measures the value of having pe

1. The problem asks for the Expected Value of Perfect Information (EVPI). 2. EVPI is calculated as the difference between the expected monetary value (EMV) with perfect information

1. The problem asks us to find the Expected Value of Perfect Information (EVPI) given the Best Expected Monetary Value (EMV) and the Expected Value with Perfect Information (EVwPI)