Uncertainty
Read Case 6.4, “Developing a Helicopter Component for the ARMY.”
For Part 1 of this assignment, using an Excel spreadsheet,
Develop a decision tree to maximize Ventron’s expected monetary value (EMV).
Determine what value of side benefits would make Ventron indifferent between the two alternatives.
Evaluate how much Ventron would be willing to pay, right now, for perfect information about both steps of the improved extrusion process.
