Walkthrough Expected Monetary Value EMV Calculation in Decision Analysis

#analytics #simulation #riskanalysis #decisiontree #decisionmaking #decisionanalysis
This video covers two exercises. Exercise (1): we calculate EMV and discuss how much we should pay for the "perfect" information. Exercise (2): How to read a complex multistage decision tree.
💻 Decision Analysis videos
➡ Intro to Decision Analysis: • Decision Analysis Intr...
➡ Single Stage Decision Rules: • Single Stage Decision ...
➡ Walkthrough Expected Monetary Value EMV Calculation: • Walkthrough Expected M...
➡ Using Palisade's PrecisionTree: • Using PrecisionTree fo...
➡ Multistage Decision Problems: • Multistage Decision Pr...
➡ Walkthrough Multistage Decision Problems using PrecisionTree: • Walkthrough Multistage...
➡ EVSI (Expected Value of Sample Information) and EVPI (Expected Value of Perfect Information): • Understanding EVSI and...
💻 Other Business Analytics topics
➡ Introduction to Business Statistics: • Intro to Business Stat...
➡ Linear Regression: • Everything about Linea...
➡ Business Simulation (using @Risk): • Business Simulations
➡ Decision Analysis (using PrecisionTree): • Decision Analysis
➡ Linear Programming (using Lingo): • Linear Programming
➡ XLSTAT tutorials: • XLSTAT Tutorials for B...

[@lannd0117]

I found this and directed my son to it for school, you explained it better than the professor, now he understands it. Thank you,

[@fiaz2421]

Thanks a lot. Great explanation.

[@OnlineBusinessAnalytics]

Glad that you found the video helpful!

[@fidaanhussainp6459]

Thanks for the explanation tmrw I got an exam and this is gonna be really helpful ❤❤

[@OnlineBusinessAnalytics]

Thank you for leaving this encouraging comment. I hope your exam went well! ❤

[@billybobisnotavailable]

Great explanation!