bricolage or triage or resilience bricolage A creation
bricolage or triage or resilience? bricolage A creation from what happened to be available during its formation. Click here for Hint
expected value normalization? or probabilistic or expected value The mathematical expectation of a random variable, calculated as the weighted average of all possible values that may occur. Click here for Hint
safety stock or bricolage or redundancy? safety stock Inventory held to protect against uncertain supply or demand. Click here for Hint
crisis or Black Swan or NGO? Black Swan An incident of extreme consequence, unexpected or considered highly improbable by forecasters and planners. Click here for Hint
Black Swan or disruptive innovation or NGO? disruptive innovation A technological change that profoundly alters an existing market unexpectedly. Click here for Hint
contingency plan or future states of nature or business continuity plan? business continuity plan Guidelines and arrangements for response to disruption of critical business functions, to restore and maintain operation. Click here for Hint
known unknown or unknown last-mile problem? or last-mile problem or last-kilometer problem) The challenge of completing delivery of a good or a service, especially if the destination is remote or disrupted by disaster. Click here for Hint
incident command system yield management? or NGO or incident command system A predetermined structure that organizes available parties into one temporary organization to resolve an incident. Click here for Hint
proaction or probabilistic or resilience? proaction Avoidance of preventable risk, the first and most basic stage of risk management. Click here for Hint
probabilistic or newsvendor problem safety stock? or newsvendor problem Choosing a quantity to meet a single period of uncertain demand, weighing the costs of ordering too much and too little. Click here for Hint
reliability or resilience or redundancy? redundancy Duplication of an element within a system. Click here for Hint
staging or outcome bias or confirmation bias? confirmation bias A tendency to favor information that supports a hypothesis and to suppress or neglect information that refutes it. Click here for Hint
incident or crisis or unknown? incident An unscheduled event requiring immediate resolution. Click here for Hint
staging or real-time or workaround? real-time The present point in time; now. Click here for Hint
propagate or groupthink or redundancy? propagate To increase or spread elsewhere. Click here for Hint
optimization or expected value or optimization Identification of the best alternative. Click here for Hint reliability?
known unknown or unknown last-mile problem? known unknown A source of uncertainty known to a decision maker, usually evident in past experience or data. Click here for Hint or
triage or iterative planning or workaround? iterative planning Deliberately adjusting plans at short intervals, to reflect new information. Click here for Hint
contingency plan or bricolage or NGO? NGO A nongovernmental organization, understood to be a nonprofit organization as well. Click here for Hint
workaround or robustness or redundancy? workaround A temporary solution developed in response to an unexpected loss or obstacle. Click here for Hint
staging or real-time or redundancy? staging Retrieving or positioning inventory or other resources before they are required. Click here for Hint
framing or triage or sense-making? sense-making Assigning meaning to experience. Click here for Hint
reliability or resilience or robustness? robustness Providing stable reliability despite changing conditions. Click here for Hint
reliability or resilience or redundancy? resilience The ability of a system to adjust to or recover from a shock or sudden change. Click here for Hint
optimization or outcome bias expected value? or outcome bias A tendency to assume a process is acceptable if its output is acceptable. Click here for Hint
NGO or triage or optimization? triage A priority rule creating sequences intended to yield the most value from distinctly limited resources. Click here for Hint
groupthink or sense-making or framing? framing Adopting too narrow a view in the analysis of a problem. Click here for Hint
yield management or groupthink or centralized organizational policy? yield management Policies and practices to maximize the benefit of a perishable resource such as service capacity. Click here for Hint
reliability or normalization or resilience? normalization A tendency to accept anomalies as normal events, particularly over time. Click here for Hint
centralized organizational policy business continuity plan? or NGO or centralized organizational policy Assigning decision making and authority to one individual or set of individuals within a larger organization. Click here for Hint
incident or chance event or crisis? chance event A distinct source, cause, or issue of uncertainty. Click here for Hint
contingency plan or future states of nature or business continuity plan? contingency plan An alternate plan developed in anticipation of a possible obstacle to the original plan. Click here for Hint
crisis or risk or incident? risk The possibility of loss or the source of such a possibility. Click here for Hint
Black Swan or incident or crisis? crisis The critical time prior to an impending change of great significance. Click here for Hint
confirmation bias outcome bias? or groupthink A tendency to neglect full critical evaluation of a decision in favor of minimizing conflict within a group of decision makers. Click here for Hint
known unknown probabilistic? or unknown probabilistic Variable or not well known in advance; subject to randomness. This represents some uncertainty in planning. Click here for Hint or
incident or crisis or overbooking? overbooking Commitment or sale of resource in excess of its actual availability. Click here for Hint
situational awareness framing? or sense-making or situational awareness An individual or organization’s comprehension of the surrounding environment and its potential near-future states. Click here for Hint
known unknown crisis? or unknown Uncertainty omitted from planning because the decision maker is unaware of its presence. Click here for Hint or
reliability or resilience or redundancy? reliability The probability that an element or a system will perform as specified. Click here for Hint
future states of nature optimization? or probabilistic or future states of nature A set of distinct conditions associated with a chance event, only one of which will actually occur. Click here for Hint
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