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You are a risk manager in a manufacturing company. One of your key responsibilities is securing of property insurance coverage to provide protection against damage caused by “acts of God,” such as earthquakes, hurricanes, floods, etc. You begin the process with exposure due diligence, which is focused on estimating the chances of a single “act of God” occurring in the course of the upcoming year, as well as the chances of two or more “acts of God” materializing (also in the course of the next year).
? Determine where you might be able to find valid data for this type of analysis.
? Justify the use of the concept of conditional probability in the context of your task—more specifically, discuss how you would use conditional probability in your exposure due diligence efforts. Support your discussion with relevant examples, research, and rationale.
Some of gas companies would like to discover or test elasticity of demand or at illustrate what price will consumers stop buying gas also choose alternatives like carpools, public transportation or riding a bicycle.
Regarding capital formation, discuss the three basic types of capital acquisition, working capital, fixed capital and growth capital, describe the advantages/disadvantages of attaining such funds via equity or debt sources, and how best to apply the ..
Chapter 5 discusses six barriers to supply chain management implementation of which two described are incompatible corporate cultures and globalization challenges. Discuss how these two potential barriers are related and how advances in technology (i..
How important is role modeling in establishing a culture of preparedness and safety in health organizations? How can we ensure that employees “walk the walk” (follow guidelines) as well as “talk the talk” (advise others to follow guidelines)
Interview one person within your organization who has knowledge about the decision-making opportunities the executive or management team formulates. Inquire about national and global trade opportunities. Does the organization benefit from trade oppor..
Explain both the role of logistics and how the common modes of transportation impact supply, along with a description and some pros and cons. Explain how suppliers establish a price in a cost and market approach for customers. Further, what is the so..
In this project, your teams are consulting companies advising corporations on the substance and public perception of their corporate social responsibility efforts. Does the company have a stated policy on corporate social responsibility?What is the c..
This week we actually reviewed a general Project Charter. In general the initial statement of work is key. Typically all the Business Analyst or Systems Engineer will receive when trying to create the initial Project Charter is a small statement of w..
what is a proposed policy to prevent corporate ethics lapses that may help strengthen corporate policy?
Inherent Barriers. Jason is judging a court case in a remote corner Texas. The plaintiff (or accuser) argued that the defendant wrongly stole his pet squirrel. The defendant responds by arguing that the following inherent barriers prevented her from ..
High Tech Inc. is a virtual store that stocks a variety of calculators in their warehouse. Customer orders are placed, the order is picked an dpackaged, and then shipped to the customer. A fixed order quantity inventory control system (FQS) helps mon..
Until recently, the ethical nature of public health has been implicitly assumed rather than explicitly stated. Increasingly, however, society is demanding explicit attention to ethics. This demand arises from: technological advances that create new p..
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