By Jacob R. Mecklenborg
What of these ghostly catacombs that lie dormant under urban streets? these subway tunnels, by no means entire, by no means jam-packed with the screeches of trains and the busy commotion of commuters. simply there. lifeless. You've heard of the subway's death. The tunnels have been too slim. the town used to be too broke. A grand miscalculation. good, such a lot of what you've heard is, sorry to assert, unfaithful. the preferred tale of the subway's death is myth-laden and as incomplete because the unique plan. the whole tale, lengthy buried in mounds of public documents dispersed within the city's libraries, is now printed. neighborhood writer Jacob Mecklenborg emerges from these dusty tomes with a clean, thought-provoking, complete exam of the subway's death and what its destiny may perhaps carry.
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Extra resources for Cincinnati's Incomplete Subway: The Complete History (OH)
34 This page is intentionally left blank 35 3 Supply chain management Definitions A problem when discussing any aspect of supply chain management is that people use different terms, or give the same terms different meanings. This is because the function now called ‘supply chain management’ emerged from a combination of formerly distinct disciplines, and each of these disciplines brought its own legacy of terms and ideas. As a result, terms still tend to mean – or at least imply – different things to different people.
However, it is important to recognize that our knowledge of a situation changes over time. We might have very little information about events a year in advance, and be working with virtual ignorance; then as time passes we learn more and move through uncertainty, and then on to risk. We might even be approaching certainty for events a few days in advance. 3 The basic process of risk management 1. known some time in advance, and certainly far enough in advance to be useful for decision making; 2.
Each of these allows a different approach to decision making. Decisions with certainty The characteristic of certainty is that managers know, with certainty, which event will occur after their decision and what the consequences will be. If you put money into an investment that guarantees a return of 7 per cent, you know exactly what will happen. The obvious way of solving such problems is to list the alternatives, compare the outcome for each and choose the alternative that gives the best outcome.
Cincinnati's Incomplete Subway: The Complete History (OH) by Jacob R. Mecklenborg