Modeling high degrees of uncertainty related to risk

Assignment Help Operation Management

Reference no: EM131786606

1. How does a crisis differ from an emergency?

a. Unlike an emergency, a crisis is not necessarily unexpected, and the organization is not necessarily disrupted while this change grows closer in time.

b. Unlike an emergency, a crisis represents a disruption that is too large to be answered by any single organization.

c. Unlike an emergency, a crisis is a political declaration that always requires the involvement of the government.

d. Unlike an emergency, a crisis is unexpected and always signals a threat to human life and property.

2. A system is said to be _______ if its reliability is reliable, that is, unchanging despite fluctuating conditions.

a. probabilistic

b. proactive

c. redundant

d. robust

3. Heavy-tailed (i.e., large extreme) probability distributions are a poor choice for modeling high degrees of uncertainty related to risk.

True or False

Reference no: EM131786606

Questions Cloud

Employees involved consumers making decisions to lower costs : Which type of plan is intended to provide health coverage in a way that gets employees involved as consumers making decisions to lower costs?

Leadership style has both positive and negative effects : Do you agree every leadership style has both positive and negative effects on its followers?

Implications and key steps for implementation of alternative : Describe the implications and key steps for implementation of each alternative. Consider external and internal factors and other relevant trends.

Describe the grantees health focus : Describe the grantees’ health focus. Describe the program’s strategies to eliminate disparities.

Modeling high degrees of uncertainty related to risk : Heavy-tailed (i.e., large extreme) probability distributions are a poor choice for modeling high degrees of uncertainty related to risk.

Increasing redundancy increases reliability : Increasing redundancy increases reliability. Increasing complexity without increasing redundancy increases reliability.

Used under the doctrine of adverse possession : Mary files an action claiming that she is entitled to the part of the lot she used under the doctrine of "adverse possession."

Wants to attract and keep highly ambitious employees : Lee & Li, a business consulting firm, wants to attract and keep highly ambitious employees who work hard and want to advance in their careers.

Race to the bottom as criticism of global economic activity : Describe the race to the bottom as a criticism of global economic activity.

User Account

All Pages