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The Maximum Possible EVPI

Zvi Drezner
Zvi Drezner
[email protected]
Department of Management Science/Information Systems, California State University-Fullerton, Fullerton, California 92834, USA
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Department of Management Science/Information Systems, California State University-Fullerton, Fullerton, California 92834, USA

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Published Online:1 May 2001https://doi.org/10.1287/ited.1.3.117

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.

cover image INFORMS Transactions on Education

Volume 1, Issue 3

May 2001

Pages 88-118

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Published Online:May 01, 2001

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Zvi Drezner, (2001) The Maximum Possible EVPI. INFORMS Transactions on Education 1(3):117-118.

https://doi.org/10.1287/ited.1.3.117

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The Maximum Possible EVPI

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