Risk management problem | Operations Management homework help

 

 

 

 Problem:  For hifsa shaukat

 

City Bus Corporation provides school bus transportation to public schools in Lancaster County.  City Bus owns 50 buses that are garaged in three different cities within the county.  The firm faces competition from two larger bus companies that operate in the same area.  Public school boards generally award contracts to the lowest bidder, but the level of service and overall performance are also considered.

a.      Briefly describe the steps in the risk management process that should be followed by the risk manager of City Bus.

b.     Identify the major loss exposures faced by City Bus.

c.     For each of the loss exposures identified in (b), identify a risk management technique or combination of techniques that could be used to handle the exposure.

d.     Describe several sources of funds for paying losses if retention is used in the risk management program.

e.     Identify other departments in City Bus that would also be involved in the risk management program.

Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more