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A GLUM Primer: The Risk-Adjusted Expected Value
Pfeifer, Phillip E.; Bodily, Samuel E.; Baucells, ManelTechnical Note DARDEN-QA-0849-EDecision AnalysisThe purpose of this note is to improve on the expected value criterion by incorporating the willingness and capability to take risk of a rational decision maker. First, this note will review the concept of expected net present value (ENPV) and demonstrate its limitations. Next, we introduce the notion of play capital, or the most one is willing to put at risk in view of one’s life circumstances, goals, and resources. Then, we introduce the genera...Starting at €8.20
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Real Options (Abridged)
Bodily, Samuel E.Technical Note DARDEN-QA-0799-EDecision AnalysisThis note is an abridged version of QA-0639, "Real Options."Starting at €8.20
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The Value of Information and Control
Bodily, Samuel E.Technical Note DARDEN-QA-0468-EDecision AnalysisUsing a simple example, this short note demonstrates how to place a monetary value on information and control. The monetary value is the change in expected monetary value due to the change in some action taken by the decision maker.Starting at €8.20