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i need 1-3 EMVA Phalip Witt president of Witt inqut Dwvices, wishes to create a portfolo of local suppliors for his new line of keyboorda.
i need 1-3 EMVA
Phalip Witt president of Witt inqut Dwvices, wishes to create a portfolo of local suppliors for his new line of keyboorda. As the suppliers all reside in a location prone to hurricanes. tomadoes, fooding, and eartheuakes, Phillp belewes that the probabity in any yoar of a "super-event" that might shut down at supplers at the same tme at leaut 2 weeks is 4 .h. Such a total shutdown would cost the compony approximately $520,000. He estimates the "unique-event" risk for any of the suppliers to be 5%. Assumirg that the marginal cost of managing an additional supplier is $16.000 per year, how maty suppliers shoeld Wit lrput Devices use? Assume that up to three neariy identical local supplers are avalable. Find the EMy for atertatives using 1, 2, or 3 suppliers. EMY(1) =1 (Enter your rosponse rounded to the nearst whole number.) Step by Step Solution
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