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Please read the following chapters from ERM textbook (Fraser, J., Simkins, B., & Narvaez, K. (2014). Implementing enterprise risk management: Case studies and best practices. John Wiley & Sons.)
Chapter 22 JAA Inc.—A Case Study in Creating Value from Uncertainty: Best Practices in Managing Risk
Chapter 25 Uses of Efficient Frontier Analysis in Strategic Risk Management: A Technical Examination
Discuss how frontier analysis can be implemented effectively in risk management. Discuss pros and cons of frontier analysis in risk management. Ensure to link your discussion to the case study in chapter 22 to identify factors that contribute to successful ERM implementation. (350 words)