PolyMathsNPV, payback, expected monetary value and production planning15–20 min
Money and Choices
Compare options using net present value and payback, choose under uncertainty with expected monetary value, and slide an iso-profit line across a feasible region to plan production.
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The experiment opens when it comes into view.
Theory and model assumptions
Compare options using net present value and payback, choose under uncertainty with expected monetary value, and slide an iso-profit line across a feasible region to plan production.
Teacher guidance
Poly business and engineering mathematics: net present value, payback, expected monetary value and two-product optimisation (generic)
Expected time: 15–20 minutes.