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 |