Goldratt's solution to the variables involved in project scheduling involves the aggregation, or collectivizing, of all project risk in the form of uncertain duration estimates and completion times
Provide practical examples of how this aggregation works to the benefit of the overall project.
One example the authors cite is the insurance industry — many policy holders pay premiums and only a few actually file claims. If the actuaries have done their due diligence, then the collected premiums exceed the claim payments. Other examples of aggregation being used to make life easier include other financial ventures such as investment, e.g. choosing a mutual fund rather than individual stocks, or choosing multiple financial instruments in which to invest. Aggregation is also used in sales and operations planning to set overall levels for labor and capital needed to carry out operations over the coming year. As demand is revealed for specific model types, the resources may be deployed in favor of popular models at the expense of less-demanded items.
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A) qualified privilege? B) ?sovereign immunity C) ?strict liability D) ?vicarious liability
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The _____ is the heart of a computer
Fill in the blank(s) with correct word