Your project objective is to replace all of your internal photocopy machines. You have been given a large set of requirements from the users. Having evaluated solutions from four vendors you realize that not every vendor can satisfy all the requirements. There is some risk involved and you decide to use the Expected Monetary Value method to analyze the problem. If you just used EMV, which
of the following vendors would you select?
A. Vendor 1: 80% probability of success and a profit of $20,000
B. Vendor 2: 90% probability of success and a profit of $19,000
C. Vendor 3: 75% probability of success and a profit of $18,000
D. Vendor 4: 85% probability of success and a profit of $20,000
HINT: EMV = Probability x Potential
Impact