Question: b) The probability that both suppliers will be disrupted using option 2 is....... round your response to five decimal places c) ........ provides the lowest
Johnson Chemicals is considering two options for its supplier portfollo. Option 1 uses two local suppliens Each has a "unique event risk of 5 s\%, and the probability of a "super-evont" that would disable both at the same time is estimated to bo 1.6%. Option 2 vses two suppliers located in different countrios Each has a "unique evenr risk of 14%. and the probability of a "super-event" that 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)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
