Question

Describe what kind of relevant data can be obtained to help reduce uncertainties about supply and demand and in terms of economics what impact does size have on a country?  

Answer 1

Supply chain uncertainty refers to the decision making Process in the supp le supply chain in which the decision maken does not know exactly what to decide due to lack of transpanency of the supply chain and the impact of possible Supply chain uncertainty refers to the change of the balance and profitability of the supply chain caused by potential and unpredictable Wents which requires a response to re- establish the balance. The result of demand uncertainity is increased cost, most commonly an the form of excels inventory excess capacity in Production on the use of faster and more expenside transportation of goods. The company typically tries to Create a supply chain Cost are minised, but still meet the requested customer service level. le In Industries like health care, consumer good and agriculture, shortages are widely observed and the consequrces can be costly. One of the main drivens of such shontages is the uncertain natin supply and demand to reduce entertainities, su information about seepply and demand can be obtaine by gathering relevant data (e.g., auditing Suppliane the uncertain nature of Certainities, sufficient . We conduct an analysis conducting market research. We conduct ano to tion efforts on examine the impact of supply encertainity deman uncertainity and uncertainity reduction eitton Production quantity and total and total cost we show that &

absence of uncent mintty reduchten when the financial consequence to of shontage ane langens one when the unit benefits is lange Supply uncertainity as more costly than demand en containity. In addition, exenting supply can containity reduction restort always causes the firem to produce fewer unity than exerting demand uncertainity reduction efforts. Although supply usuretuinty reduction estort delivers a large degree of improvement to the total cost and hence is more efficient) reduced systery cast scepply uncertainty still leads a higher than ofpes reduced demand Oncertainity. Supply and demand are both keys to the Countries economic activity. Supply is the amount of a Particular good on sendice a dailable at a given time to consumers. Demand is a measurement of consumer desire and consumen spending on a particule good and sendice at a specific price. In order to achieve a clear understanding of the uncertains we first focus on the case where there.. option of eventing effort to reduce cunun of the uncentainity where there is no usuntainches.