l&d post 8

Risk Management

One area of business with a close connection to logistics is risk management. This discussion has you focus on several aspects of risk management as they relate to logistics. 

Please answer the following:

1. What is the risk equation, and how is it expressed? (Provide the basic formula)

2. How would the course concept of “information sharing” between organizations reduce risk for the organizations?

3. How does this concept of risk management relate to interagency coordination and B2B partnerships?

Make sure you are supporting your answers fully and that your source research is identified with citations and references.

Distribution Network

Business can be managed as a network. In logistics, this concept would be focused on the distribution network. This discussion has you explore the concept of distribution network and consider relationships within the network.

Please answer the following:

1. What is the distribution network?

2. What is the scenario of “The Prisoner’s Dilemma”? What is the main lesson of this scenario?

3. Why is this example important within business? What conclusions have you formed on this topic?