Examlex
Suppose that the manager of a company has estimated the probability of a super-event sometime during the next three years that will disrupt all suppliers as 2%.In addition,the firm currently uses four suppliers for its main component,and the manager estimates the probability of a unique-event that would disrupt one of them sometime during the next three years to be 20%.Supplier management costs during this period are $50,000 per supplier.The financial cost incurred if all four suppliers are disrupted at the same time is estimated to be $10,000,000.What is the expected monetary value (cost) of the current supplier diversification arrangement?
Individual Needs
The specific requirements or preferences of a single person, often considered in healthcare, education, and customer service.
Institutional Markets
Markets composed of customers like schools, hospitals, and governments that acquire goods and services for use in delivering their own services.
Churches
Churches are places of worship for followers of Christianity, also serving as community centers for various religious and social activities.
Buying Center
The collective of individuals in an organization responsible for making procurement decisions, each with specific roles and responsibilities.
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