Question: a) The probability that both suppliers will be disrupted using option 1 is (round your response to five decimal places). Part 3 b) The probability

a) The probability that both suppliers will be disrupted using option 1 is

(round your response to five decimal places).

Part 3

b) The probability that both suppliers will be disrupted using option 2 is

(round your response to five decimal places).

Option 1

provides the lowest risk of a total shutdown.

Johnson Chemicals is considering two options for its supplier portfolio. Option 1 uses two local suppliers. Each has a "unique-event" risk of 4.5%, and the probability of a "super-event" that would disable both at the same time is estimated to be 1.3%. Option 2 uses two suppliers located in different countries. Each has a "unique-event" risk of 14%, and the probability of a "super-event" that would disable both at the same time is estimated to be 0.24%. a) The probability that both suppliers will be disrupted using option 1 is (round your response to five decimal places)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

disable both at the same tme is estimated to be 1.3%. Opten 2 uses two suppliens located in different courtries. Each has a "unique-event" risk of 14%. and the peobabilfy of a "super-event" that...

a) The probability that both suppliers will be disrupted using option 1 is 0.01799 (round your response to five decimal places), b) The probability that both suppliers will be disrupted using option...

The probability that both suppliers will be disrupted using option 1 is 0 . 0 1 6 7 4 ( round your response to five decimal places ) . Part 3 b ) The probability that both suppliers will be disrupted...

be 1 . 5 % . Option 2 uses two suppliers located in different countries. Each has a "unique - event" risk of 1 3 % , and the probability of a "super - event" that would disable both at the same time...

would disable both at the same time is estimated to be 0.18%. a) The probability that both suppliers will be disrupted using option 1 is (round your response to five decimal places). b) The...

the probability that both suppliers will be disrupted using option 1 is_____ the probability that both suppliers will be disrupted using option 2 is_____ _____ provides the lowest risk of a total...

THE ANSWER NEEDS 5 decimal places Johnson Chemicals is considering two options for its suppilor portfolio Option uses two local suppliers Each has a unique-ever risk of 58%, and the probability of a...

same time is estimated to be 0.18%. a) The probability that both suppliers will be disrupted using option 1 is (round your response to five decimal places). b) The probability that both suppliers...

a "super - event" that would disable both at the same time is estimated to be 0 . 2 % . a ) The probability that both suppliers will be disrupted using option 1 is ( round your response to five...

The following data were included in a recent annual report of YUM, a wholesaler of grocery products. Amounts are in thousands. Required: (a) Why is a companys net income typically less than its net...

Stay Warm, Inc., produces extreme-weather parkas in three operationscutting, assembling, and finishing. The parkas sell for $120 each. Stay Warms managers find it has a cutting bottleneck due to...

18. Example of non physical way of production is: (a) Production of oil, (b) Production of Mineral Water, (c) Production of Information, (d) Production of Agricultural products.

What is a characteristic of a high - performing work team? Multiple choice question. poor decision making individualistic tendencies clearly defined norms undeveloped team culture

What are the other economic side effects of accidents?

Write a short position paper on the subject, What should we do to get all our employees to behave more safely at work?

Based on what youve seen to this point, how comprehensive would you say that the companys safety program is? What suggestions would you make for additional steps it should take?