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https://ir.iimcal.ac.in:8443/jspui/handle/123456789/4483| Title: | RMV's Dilemma |
| Authors: | Sharma, Megha |
| Keywords: | Decision Making Risk Expected Value of Perfect Information (EVPI) Expected Monetary Value (EMV) Expected Opportunity Loss (EOL) |
| Issue Date: | 2022 |
| Publisher: | Indian Institute of Management Calcutta Case Research Center |
| Abstract: | The case presents the decision-making dilemma being faced by Prageet Rao, a Business Development executive at a fictitious firm, RMV Manufacturing. Prageet has been tasked to evaluate and recommend whether RMV should apply as a primary or secondary supplier in response to an invitation for applications by the Department of Defense (DoD). Prageet has estimated the Net Present Value (NPV) of the two alternatives under each of the two possibilities, i.e. RMV wins the contract, or RMV does not win the contract. His estimates suggest that the two possibilities were equally likely. Given this information, Prageet needed to recommend what RMV should do and why. |
| Description: | Data Source :- Case Writers/Fictitious Setting :- Manufacturing Firm Case Reference No. :- IIMC-CRC-2022-04 Case Length :- 3 pages + Teaching Note |
| URI: | https://ir.iimcal.ac.in:8443/jspui/handle/123456789/4483 |
| Appears in Collections: | 2022-23 |
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