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Decision tree.docx - Decision Events States of Nature ...

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DecisionEvents (States of Nature)Payoffs (CM)Expected ValueP 11,250P 1,400P 8,050P 1,900P 14,000P 11,500P 9,000Demand = 700 boxes (0.20)Demand = 600 boxes (0.20)Demand = 500 boxes (0.20)P 11,250Prepare 700 boxesPrepare 600 boxesP 11,500P 1,200P 8,400P 1,900P 12,000P 12,000P 9,500Demand = 700 boxes (0.20)
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Term
Summer
Professor
jona pongan
Tags
States of Nature

Unformatted text preview: Demand = 600 boxes (0.20) Demand = 500 boxes (0.20) P 11,500 P 10,000 P 1,000 P 7,000 P 2,000 P 10,000 P 10,000 P 10,000 Demand = 700 boxes (0.20) Demand = 600 boxes (0.20) Demand = 500 boxes (0.20) Prepare 500 boxes P 10,000 P 11,500...
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