When to leave for the plane (April 22, 2021)
What time should you leave to catch a plane flight? We all know intuitively to leave extra time for traffic and other uncertainties. But, how much time? And what’s the value of considering uncertainty? Max Henrion gave a talk on April 22, 2021 where he introduced the Expected Value of Including Uncertainty (EVIU), compare with the Expected Value of Perfect Information (EVPI), and the insights it gives into a variety of decision problems — including catching a plane. He’ll share the Analytica model.
