Explain risk assessment methodologies, Operation Management

Assignment Help:

Discussion 1- Thinking about any activity that you engage in that involves risk, developed a risk management plan for that activity.

Discussion 2- Compare and contrast the following risk assessment methodologies: (a) the Delphi technique, (b) sensitivity analysis, and (c) Monte Carlo simulation.

Related Discussions:- Explain risk assessment methodologies

Explain constant need of trained employees, (EOQ model) Division X is growi...

(EOQ model) Division X is growing and is in constant need of trained employees. The demand rate for trained employees is relatively constant at 5 each month. The division can run a

Explain advantage of using digits to enter categorical, What is the advanta...

What is the advantage of using digits to enter categorical data rather than using words or letters?

Explain areas of internal systems and technology, Given that the question o...

Given that the question of open and closed systems is more of a continuum than a yes/no question, do you believe that more closed systems are better able to assess and improve thei

Which is considered part of a companys intellectual property, 1. When a com...

1. When a company plans a new product development project, which department should impact the decisions? (Points : 5) Sales and Marketing Engineering Manufacturing Fina

Identify at least one instance of probability, Identify at least one exampl...

Identify at least one example of probability encountered in everyday life which has not previously been mentioned AND THEN Identify the type of probability your example best fits b

Explain interested in obtaining a measure of overall perform, Cunningham Pe...

Cunningham Performance Auto, Inc. modifies 375 autos per year. The manager, Peter Cunningham, is interested in obtaining a measure of overall performance. He has asked you to provi

Explain what does the project portfolio illustrate, What does the project p...

What does the project portfolio illustrate? How might it be useful to management?

Explain cost benefit analysis, Explain cost benefit analysis. Cost Ben...

Explain cost benefit analysis. Cost Benefit Analysis: This analysis is a mathematical technique for decision-making. This is a quantitative technique used to estimate the eco

Explain monitor and report project progress, How can the project baseline a...

How can the project baseline and the earned value approach for variance analysis be used to monitor and report project progress?

Explain descriptive statistics, Descriptive Statistics: Ages Variable Me...

Descriptive Statistics: Ages Variable Mean StDev Minimum Q1 Median Q3 Maximum Ages 23.56 8.97 17.00 18.25 21.00 23.75 49.00 1) Describe the shape of the data 2) What pe

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages