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Choose a process, system, design or facility that you deal with in your field of study that can be the subject of a risk analysis. Provide a description of the item you have chosen. Use one or more of the steps discussed in class to identify an initiating event for a risk that can arise from the item of your choice, through to a possible onsite or offsite consequence. Your response should not be more than 2 pages long.
1. You are working in a company in which senior management has decided that expansion of the current production plant is required. Building a new plant with new equipment and new control systems is too expensive. The current plant, when expanded, will contain a mix of new equipment and old equipment, new control systems and old control systems, and new people mixed with the older people that have been working for the company for years. As an engineer, and the only individual who has ever taken a course in risk assessment from the University of Regina, you are assigned the task of ensuring that everything will work together (and safely) in the expanded plant. You decide that hazards identification is the first step that must be accomplished. You can’t use all the methods covered in class, so you will have to pick one or two of the methods. What method (methods) will you choose, and explain why you would choose it (or them) and how it/they will be applied.
2. Explain what is meant by the following term and what significance it has in terms of risk assessment and risk management (use your own words):
Incommensurability of outcomes
Describe the importance of employee benefits as a strategic component of fulfilling the goals of HRM.
Johnson Chemicals is considering two options for its supplier portfolio. Option 1 uses two local suppliers. Each has a "unique-event" risk of 5%, and the probability of a "super-event" that would disable both at the same time is estimated to be 1.5%...
This is concerned with tracking a strategy as it is being implemented, detecting problems or changes in its underlying premises, and making necessary adjustments.
What is Honda's policy and commit to long-term relationships has been criticized as being too loyal and Honda will go to ridiculous lengths to maintain a supplier relationship before severing ties. What do you think about these criticisms?
Select a company that you believe uses its employees to achieve a competitive advantage. Discuss how the employees effectively execute the strategy and how the company can sustain this position over time.
Which is better overall, to encourage or discourage competition to improve outcomes in such areas as the workplace and school?
Discuss the importance of the Linear Programming Model. Provide an example to illustrate either a maximization problem or a minimization problem. Lastly, briefly discuss the importance of learning the Graphical Solution Technique. After posting your ..
Provide the summary of the case and identify and state clearly the problem(s) or issue(s) in the case and discuss appropriate laws and ethical theories
Jan 160, Feb 150, March 160, April 180, May 170, June 140. Capacity for these months is 150, 150, 150, 150, 160, 160, and overtime to make 10 units can be used in all months except March. Cost per units is $50 regular time, $75 overtime, subcontracti..
David sells all the chemical at $20 per gallon, so his shortage means that David loses the $5 to buy the more expensive chemical.
Class, according to your text, there are three ways that companies can sell products globally. Let’s discuss these. What are some of the considerations when deciding which strategy to employ? In other words, how does a company decide which product st..
First we want to make sure you understand how to combine use of these formulas successfully without worrying about inflation. Later in the course after many of you have posted we can have some discussion on how to account for inflation.
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