Maurice Tutor

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About Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 398 Weeks Ago, 6 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 06 Apr 2018 My Price 4.00

South China Sea

Oilco must determine whether or not to drill for oil in the South China Sea. If the decision is “not drilling”, the option can be sold for $10 million. If “drilling” is chosen, the well can occur to be dry with probability of 0.5 which would result in a loss of $70 million. The well may be wet with probability of 0.3 and a resultant payoff of $50 million, or may gush out with probability of 0.2 and a resultant payoff of $200 million. Assuming that Oilco is a risk-neutral decision maker, answer the following questions.

a) Determine Oilco’s optimal course of action.

b)Determine EVPI.

Answers

Maurice Tutor
(5)
Status NEW Posted 06 Apr 2018 03:04 PM My Price 4.00

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