EVPI

AcronymDefinition
EVPIExpected Value of Perfect Information (operations management)
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15)($2500) EPUC = $1,575 Therefore, EVPI = EPUC - EMV = $1,575 - $800 = $775
Decision making in uncertainty (Part 1)
Additionally, we assessed the EVPI, and for which topics further research is most valuable.
The EVPI is the expected value of obtaining perfect knowledge of the "true" values of all parameters.
For the base case analysis, the uncertainty surrounding the decision whether or not to implement shared care resulted in an EVPI of 87 [euro] per person, given a ceiling ratio of 40,000 [euro].
Additionally, the EVPI for parameters was calculated.
Decision-analytic modeling to assist decision making in organizational innovation: the case of shared care in hearing aid provision
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