The Maximum Possible EVPI
Zvi Drezner - zdrezner@fullerton.edu
Department of Management Science/Information Systems,
California State University-Fullerton,
Fullerton, CA 92834
Abstract
In this note we calculate the maximum EVPI for any probability distribution for the states of the world. This maximum EVPI is an upper bound for the EVPI with given probabilities and thus an upper bound for any partial information about the states of the world.
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Citation Information
Drezner, Z. 2001. The maximum possible EVPI. INFORMS Trans. Ed. 1(3)117-118.
DOI:10.1287/ited.1.1.117