a. 1. What is the difference between “unique-event” risk and “super-event” risk?
2. If the probability of a “super-event” increases, does the “unique-event” risk increase or decrease in importance? Why?
3. If the probability of a “super-event” decreases, what happens to the likelihood of needing multiple suppliers?
b. 1. Describe some ramifications of the bullwhip effect.
2. Describe causes of the bullwhip effect and their associated remedies.
3. Describe how the bullwhip measure can be used to analyze supply chains.
4. Describe some potentially useful categories to include in a factor-weighting analysis for supplier selection.
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