7 |
Quantitative Cost Analysis Tools
Learning Objectives
By the end of this chapter, you will be able to:
• Identify whether a particular cost is deterministic or probabilistic.
• Perform a cost-benefit analysis including both deterministic and probabilistic costs.
• Calculate an Expected Monetary Value (EMV) for two or more states of nature.
• Prepare and interpret a decision tree analysis.
• Perform a sensitivity analysis.
Estimated timing for this chapter:
| Reading | 30 minutes |
| Exercises | 2 hours 40 minutes |
| Review Questions | 15 minutes |
| Total Time | 3 hours 25 minutes |
QUANTITATIVE COST ANALYSIS
Quantitative risk analysis tools, ...
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