1. You are a secondary student. You are stranded in your school building. They have blocked off the entrances and exits because the grounds are flooded. You have been trying to call your family and trying to get news on your house, but the signal's down. You have only gotten your books, notebooks, and laboratory materials in your bag and locker. What elements of vulnerability are present in the situation? *

1. You are a secondary student. You are stranded in your school building. They have blocked off the entrances and exits because the grounds are flooded. You have been trying to call your family and trying to get news on your house, but the signal's down. You have only gotten your books, notebooks, and laboratory materials in your bag and locker. What elements of vulnerability are present in the situation? *

Name: What elements of vulnerability are present in the situation? 1. You ar
Uploaded: 2024-03-20T06:57:05.000Z
Channel: Bartleby
Description: What elements of vulnerability are present in the situation? 1. You are a secondary student. You are stranded in your school building. They have blockedoff the entrances and exits because the grounds are flooded. You have been trying to call yourfami

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter9: Decision Making Under Uncertainty

Section: Chapter Questions

Problem 73P

See similar textbooks

Similar questions

Consider the following scenario: A sales representative from a textbook publisher calls on your professor to try to get him or her to adopt a new textbook. Is it okay for the professor to accept a free lunch from a publisher’s sales representative? If it is okay for a professor to accept a free lunch, what about a free game of golf? What about a free set of golf clubs after the game?
A shoe store manager received a claim letter from a disturbed customer that the shoes they had ordered were delivered in an unacceptable state. He needs to send a response to inform the sender about the company's decision. The manager doesn’t have to evaluate the situation nor review their policies before responding. He must focus on the solution and place the blame on the key person who is responsible for the act. Finally, he should let the customer know how the situation will be resolved. How many guideline/guidelines is/are not proper for responding when a third party is at fault? * A.One guideline is not proper B.Two guidelines are not proper C.Three guidelines are not proper D.Four guidelines are not proper E.All the guidelines are not proper
Design an effective service guarantee for a service (choose a service by yourself) with high perceived risk. Explain (a) why and how your guarantee would reduce perceived risk of potential customers and (b) why current customers would appreciate this guarantee even though they are already a customer of that firm and therefore likely to perceive lower levels of risk.
6.Assume that you are a hotelier who has a group booked at your hotel. The group has picked up all of its originally requested rooms and is now requesting additional rooms at the same reduced rates you originally agreed to when their group rooms contract was signed. You do have rooms available to fulfill the group’s new request, but you know those remaining rooms could now be sold to the general public at rates much higher than those being paid by the group. What factors would you consider prior to granting, or not granting, this group’s request for additional rooms? 7.Some hotels state that they guarantee room availability (but not room type availability) when a guest arrives with a guaranteed reservation. Name one advantage of such an approach. Name one disadvantage. 8.Some hotels’ FOMs authorize their front office agents to adjust room charges up to the amount of a guest’s total charges for their stay. Other FOMs limit the dollar amount of adjustment that can be made without…
Which of the following best defines risk management? * A physical feature or operational attribute that renders an entity, asset, system, network, or geographic area open to exploitation or susceptible to a given hazard. The management of the consequence of something happening, described in either quantitative terms of probability or frequency. The potential for an unwanted outcome resulting from an incident, event, or occurrence, as determined by its likelihood and the associated consequences. A process of identifying the potential for an unwanted outcome, determining what to do about it from among the available alternatives, and then doing it.
A technological failure occurred at ELEANOR Company last year. A new computer system which was designed to control ELEANOR’s complicated operational facility broke down shortly after it was installed. This meant that the company was unable to carry out production processes normally for several days. The cause of the failure was later found to have been a system specification error made by Ms. Christen, the operations director and a professional engineer. She had seriously miscalculated the capacity needed for the new system and had ordered a computer system which was unfit for purpose. Not only had this resulted in the loss of several days of production and a loss of loyalty and goodwill from customers and others, it also cost a large amount to repair and upgrade the system to be able to cope with the actual demands placed upon it. Ms. Christen acknowledged that she had over-ridden normal procurement procedures in purchasing the system. But she was thought by her colleagues to be…
You've just acquired a sweet new ride and are trying to determine how to protect your wheels from theft. You're considering purchasing the Club, a large steel bar that locks to your steering wheel and prevents car thieves from easily driving away. Alternatively, you're considering installing Lolack, a hidden electronic device that allows law enforcement agencies to locate your car should you notify them of its theft. a. Why is the Club more likely than LoJack to directly deter thefts? The external benefits of the Club exceed those of Lolack. O Lolack is a visible deterrent, whereas the Club is invisible to car thieves. O The Club is a visible deterrent, whereas Lolack is invisible to car thieves. O Thieves are more responsive to traditional theft deterrents, such as locks, than modern ones that involve digital technology. b. LoJack customers must agree not to display any window stickers or other signs that indicate their cars are LoJack- equipped. This agreement enhances LoJack's value…
need help asap
Suppose that a car-rental agency offers insurance for a week that costs $100. A minor fender bender will cost $3500, whereas a major accident might cost $16,000 in repairs. Without the insurance, you would be personally liable for any damages. What should you do? Clearly, there are two decision alternatives: take the insurance, or do not take the insurance. The uncertain consequences, or events that might occur, are that you would not be involved in an accident, that you would be involved ina fender bender, or that you would be involved in a major accident. Develop a payoff table for this situation. What decision should you make using each of the following strategies?a) aggressive strategyb) conservative strategyc) opportunity-loss strategy
With this interpretation found from OSHA that stipulates that on portable ladders you do not need fall protection. So doesn't that go against the 6'-0" rule? They say it is because in that instance it can be more dangerous to have it. https://www.osha.gov/laws-regs/standardinterpretations/2000-01-13
An entrepreneur has embarked on a project to use human hair in place of animal furs in a clothing line. The human hair is to be woven into cotton fabrics, to make a hybrid fabric, that can be used as a thermal insulating fabric (i.e., it keeps persons warm). To increase the probability of sales the hybrid fabric must be dyed in various colors. Provide advice to the entrepreneur on what approaches should/could be taken to dye the new hybrid fabric. In your advice discuss the requirements of the dyes to be used, why hair dyes would not be a good option and how the dye(s) you suggest would work in the application based on the structure/properties of the fabric.
Risks caused by natural or manmade disasters, and therefore impossible to reliably predict, are called___