The expected value of perfect information (EVPI)is the minimum amount a manager would expect to pay to obtain perfect information.

Name: The expected value of perfect information (EVPI)is the minimum amount a manager would expect to pay to obtain perfect information.
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The expected value of perfect information (EVPI) is the maximum amount a manager would be willing to pay for perfect information, as it represents the increase in expected profit or benefit from having perfect information.

The Expected Value of Perfect Information (EVPI)is the Minimum Amount