Solve the following problems in details Problem 1 Foxcomp, an electronics and computer manufacturer with a global supply chain, wants to add a new supplier for some of its component parts, and the suppliers it's considering are in Taiwan, India, Thailand, and the Philippines. As part of its risk management program, Foxcomp wants to assess the possible impact of a supplier shutdown in the event of a natural disaster, such as a flood, fire, tsunami, or an earthquake. The following payoff table summarizes the losses (in millions of dollars) for an extended supplier shutdown, given different levels of event severity and recovery in each country. Supplier Country Event Severity Low Moderate Normal Taiwan $8 $11 $21 India 6 7 14 Thailand 3 12 17 Philippines 5 9 15 Determine the best decision using each of the following criteria. A. Minimin B. Minimax C. Equal likelihood D. Minimax regret E. If you are given the probabilities for Low, Moderate and Normal as 0.3, 0.4, and 0.3 respectively, find the optimal decision based on the expected monetary value (EMV). F. What is the maximum amount the company should be ready to pay to any consultant that could help in making an informed decision. G. Prove that EVPI= Min EOL