Mis on oodatav rahaline väärtus (EMV)?

EMV (Expected Monetary Value) is a method for assessing risks and benefits in project management and decision-making. It is calculated as the sum of the products of the probabilities of different outcomes and their monetary values. The formula:

EMV = Σ (outcome probability × outcome monetary value)

For example, if there is a risk with a 30% probability of leading to a loss of $1000, and a 70% probability of leading to a profit of $2000, then EMV = 0.3 × (-1000) + 0.7 × 2000 = -300 + 1400 = 1100. This helps in making decisions by considering both potential losses and gains.