Sensitivity Analysis Lecture (1)
EXPECTED NPV
Simplest form involves probability distribution estimates:
Forecast
Probability
Net Present Value
Best case
0.2
€30,000
Most likely
0.7
€20,000
Worst case
0.1
€10,000
Expected NPV Calculation:
(0.2 x €30,000) + (0.7 x €20,000) + (0.1 x €10,000) = €21,000