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Table 1.

Example of NPV for three RMs (RM1 to RM3, equiprobable prior to information acquisition) simulated for all production strategies (S1–S3) and respective EMV. S3 is selected as the best strategy without further information.

Strategy
  S1 S2 S3
NPV (millions USD) RM1 3022 2984 2930
RM2 3059 3172 3142
RM3 2983 3030 3204
EMV (106 USD) 3021 3062 3092

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