Question: it also asks for EMV(2) and EMV (3) can you please help with all 3 BA360.01, Fall 2020 Armando Rodriguez & Homework: Ch11 & S11

it also asks for EMV(2) and EMV (3) can you please help with all 3
BA360.01, Fall 2020 Armando Rodriguez & Homework: Ch11 & S11 Save Score: 0 of 1 pt 4 of 11 (a complete) HW Score: 72.73%, 8 of 11 pts Problem S11.2 Question Help Philip Witt, president of Witt Input Devices, wishes to create a portfolio of local suppliers for his new line of keyboards. As the suppliers all reside in a location prone to hurricanes, tomadoes, flooding, and earthquakes, Philip believes that the probability in any year of a super event that might shut down all suppliers at the same time at least 2 weeks is 3% Such a total shutdown would cost the company approximately $450,000. He estimates the unique event risk for any of the suppliers to be 5% Assuming that the marginal cost of managing an additional supplier is $15,500 per year how many suppliers should Winput Devices use? Assume that up to three nearly identical local suppliers are available Find the EMV for alternatives using 1.2 or 3 suppliers EMV(1)=$1 (Enter your response rounded to the nearest whole number)Step by Step Solution
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