Practitioners often complain about the huge gap between practice and research related to the estimation of risks. In theory all is easy: A disruptive event just gets a probability and outcome assigned. But in practice these figures most often have to be estimated.
Todays article by Knemeyer et al. (2009) covers exactly this dilemma and tries to answer the question of how to plan for a catastrophe.
Submitted by Daniel Dumke on Fri, 2011-07-08 13:44
This week has been filled with work on my dissertation, I nearly finished my first chapter. But I have a long flight on Saturday, and so I have some time to fill.
Submitted by Daniel Dumke on Wed, 2011-07-06 15:20
There are many ways to read the articles in my blog. I recently explained some of them here, but I just stumbled upon another way using the Flipboard App for the iPad (free).
Submitted by Daniel Dumke on Fri, 2011-07-01 13:57
Welcome back to my regular TWi SCM post. This was the last week in June, and thus halftime for the year and still plenty of time to achieve the goals for 2011.
