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February 3, 2019 at 3:53 pm
This is Brilliant! Thank You
September 10, 2017 at 7:50 am
Hi John sir, I have a question: Why we didn’t consider the probability for our choices of either to shut, do expensive refurbishment or to do cheap refurbishment. We could have given 1/3 probability to each of that outcome. We didn’t consider the above because it wasn’t stated in the question or its not relevant here please explain.
November 22, 2016 at 10:25 pm
Thank you, this video made me “get it”. I’ve just re-done the BPP text book example this way and suddenly it all adds up.
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