DEFINE 'Black swan” events
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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DEFINE 'Black swan” events
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A Black Swan refers to an event in the normal course of business which significantly deviates from the expected course of events and is highly difficult to predict or anticipate thus ensuring that precautionary measures to counter the fallout are not in place and thus gives rise to catastrophic results.
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