Three suppliers using risk decision tree

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Reference no: EM132231733

1. Evaluate one, two, or three suppliers using a risk decision tree when the probability of a “super-event” is 0.1%, the probability of a “unique-event” is 5%, the financial loss incurred in a supply cycle if all suppliers were disrupted (super-event) is $1,000,000, and the marginal cost of managing a supplier is $5,000. Suggest the optimum number of suppliers.

2. Describe two phase locking (2PL) and serializability (Why it is needed, what it is how it works). Note: the words that you use to answer above questions should be at least 600 words in total (not including words in questions). Show the word count. You must use YOUR OWN WORDS to answer questions instead of simply copying words directly from the text as your answer.

Reference no: EM132231733

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