Question: Draw the influence diagram that corresponds to the decision tree for Exercise. How would this influence diagram be changed in order to answer parts a, b, and c in Exercise?
Exercise: For the decision tree in Figure, assume Chance Events E and F are independent.
a. Draw the appropriate decision tree and calculate the EVPI for Chance Event E only.
b. Draw the appropriate decision tree and calculate the EVPI for Chance Event F only.
c. Draw the appropriate decision tree and calculate the EVPI for both Chance Events E and F: that is, perfect information for both E and F is available before a decision is made
