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Case study on uncertainties

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The senior manager of the company is working on the planning and execution of a defense project. Further, the manager is also evaluating the various alternative strategies to tackle uncertainties in the project network. It is called Blue Ocean Strategy BOS because it provides managers a toolbox to create, identify uncontested market space instead of competing in the prevalent market with cut throat competition and decreasing margins. Value Innovation puts equal emphasis on both Value and Innovation. Etech Sattva needs to not only redefine the value proposition it is providing to existing customers clients but also needs to create new value proposition for target segments customers that at present are not Etech Sattva's clients. Value innovation can open up new uncontested market space for Etech Sattva.
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Companion Diagnostics: Uncertainties for Approval and Reimbursement Case Study Analysis & Solution

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Managing uncertainty - HBR

In this study, we propose to solve a biobjective tactical integrated production-distribution planning problem for a multisite, multiperiod, multiproduct, sea-air intermodal supply chain network under uncertainties. Two random parameters are considered simultaneously: product replenishment orders and production capacity, which are modelled via a finite set of scenarios, using a two-stage stochastic approach. This model aims to simultaneously minimise the total costs of production in both regular and overtime, inventory, distribution, and backordering activities and maximise the customer satisfaction level over the tactical planning horizon. The applicability and the performance of the proposed model are tested through a real-life case study inspired from a medium-sized Tunisian textile and apparel company. Sensitivity analysis on stochastic parameters and managerial insights for the studied supply chain network are argued based on the empirical findings. These circumstances have pushed industries to aggressively seeking better ways to establish a closer interaction and collaboration between the different activities of the supply chain [ 1 ]. Handling decisions of different functions of the supply chain such as production planning and distribution planning are vital for companies to obtain an optimal strategy that improves efficiency and enhances the global performance.
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Sattva eTech: Managing Uncertainties in the Project Network Blue Ocean Strategy / MBA Resources

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Measurement Process Characterization 2. One reason for conducting a gauge study is to quantify uncertainties in the measurement process that would be difficult to quantify under conditions of actual measurement. This is a reasonable approach to take if the results are truly representative of the measurement process in its working environment. Consideration should be given to all sources of error, particularly those sources of error which do not exhibit themselves in the short-term run.

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