Abstract
Now that we have a notional bird’s-eye view of VOI, let’s explore how to quantitatively evaluate it from a simple instructive example. We start with a decision tree example, then move to the now familiar influence diagram representation.
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MEGILL, ROBERT E., An Introductionto Risk Analysis, Petroleum Publishing Company, Tulsa, 1977.
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© 2018 Robert D. Brown III
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Brown III, R.D. (2018). A More Refined Explanation of VOI. In: Business Case Analysis with R. Apress, Berkeley, CA. https://doi.org/10.1007/978-1-4842-3495-2_14
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DOI: https://doi.org/10.1007/978-1-4842-3495-2_14
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Publisher Name: Apress, Berkeley, CA
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