Discuss an example of an unknown-unknown risk

Assignment Help Operation Management
Reference no: EM13231673

Discuss an example of an unknown-unknown risk that proved damaging to a supply chain. Explain how the following strategies might have mitigated this risk:

Investment in redundancies.
An increased velocity in sensing and responding.
Creation of an adaptive supply chain community

 

Reference no: EM13231673

Questions Cloud

Choose the one that is best for your business : You believe this is a clear breach of your contract with Java Distributors. What should you do? Fully discuss all of your options, and choose the one that is best for your business.
Calculate the line of best fit using the least-squares : Using the following data set, calculate the line of best fit using the least-squares (regression/correlation analysis) method. The evaluated points for each organizational job (X) and the actual pay rate (Y) from survey data are shown below.
Define what are the remedies for cost-push inflation : how do we calculate the retail price index what are the problems of using the retail price index what are the advantages of inflation what are the disadvantages of inflation what are the remedies for cost-push inflation
What is the maximum total increase in the money supply : a. Use a T-Account to show the impact of this transaction on the FNB's balance sheet. The funds a bank has on deposit at the Fed count as part of its reserves. b. Assume that before receiving the discount loan, FNB has no excess reserves.
Discuss an example of an unknown-unknown risk : Discuss an example of an unknown-unknown risk that proved damaging to a supply chain. Explain how the following strategies might have mitigated this risk.
Discuss the communist manifesto : Discuss the Communist Manifesto in relationship to the situation of the workers in the world today. Have they grown more impoverished and revolutionary? Why not?
What is opportunity cost of producing additional silk roses : Bella can produce either a combination of 60 silk roses and 80 silk leaves or a combination of 70 silk roses and 55 silk leaves. If she now produces 60 silk rose 80 silk leaves, what is the opportunity cost of producing additional 10 silk roses
What did the court decide : what were the legal issues in the case of Lewis v. Heartland Inns of America and what did the court decide?
Calculate the average transformation efficiency : the following day, you examine the plates and count an average of 200 colonies. Calculate the average transformation efficiency

Reviews

Write a Review

Operation Management Questions & Answers

  Illustrate what is the con present engineering approach

Illustrate what is the Con present Engineering Approach also explain why should project managers be aware of it.

  Estimate the required kanban cards

A bottling plant fills 2,400 bottles every two hours. The lead time is 40 minutes and a container accommodates 120 bottles. The safety stock is 10 percent of expected demand.

  Calculate the overall proportion of tourists

Calculate the overall proportion of "tourists" (cars with out-of-state plates). b. Calculate the LCL and UCL for these data

  Discuss the differences between utilization and efficiency

Discuss the differences between utilization and efficiency as measures of system performance. Which (if any) is the most useful measure for an operations manager? Why?

  Calculate the annual holding cost

The catering manager of LaVista Hotel, Lisa Ferguson, is disturbed by the amount of silverware she is losing every week. Last Friday night, when her crew tried to set up for a banquet, they did not have enough knives.

  Explain the cleanliness and atmosphere of final project

First, select an independent restaurant located in California (fast food, fast casual restaurant, casual dining restaurant or buffet restaurant) and dine in the restaurant.

  Illustrate what amount of safety stock would provide a stock

Illustrate what amount of safety stock would provide a stock-out risk of 3 percent. Assume normality.

  Decide the average value of a loyal customer

Customers purchase the workstations every 3 years at an average cost of $1,500.00. Decide the average value of a loyal customer.

  Illustrate what is the bottleneck

Each burger assembler can assemble a burger in 30 seconds. It takes the cashier 6 seconds to collect payment. Illustrate what is the capacity of the hamburger restaurant in customers per minute. Illustrate what is the bottleneck.

  How the government can implement information security

propose a plan for how the government can implement information security plans to ensure its critical information is safe and protect.

  An insurance company processes two types of claims

An insurance company processes two types of claims: Life and Property. The capacity of the processing life claims is 500 units per month. The capacity of processing property claims is 1,000 per month

  Determine each alternative break-even point in units

Determine each alternative's break-even point in units. (Round your answer to the nearest whole amount.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd