GEO 104 Lecture Notes - Lecture 6: List Of Countries By Motor Vehicle Production, Toyota Production System, Speculation

• School: Stony Brook University
• Department: Geosciences
• Course: GEO 104
• Professor: Joel Hurowitz

Document Summary

Direct: stuff that gets broken when an earthquake happens, quanti able, aka measured numerically. Direct quanti able losses: property damage, know the dollar value of house. Direct no quanti able: destruction of a site of cultural signi cance, temple. Indirect nonquanti able: lost education, kids can"t get to school because of disaster that took place. Up to a certain amount of direct damage, there aren"t as much indirect losses. The economy can absorb the loss and can still produce at these levels. Small direct cost but the indirect cost is bigger. It will really hurt people who need to travel from san fransciso to oakland. An inventory strategy companies employ to increase ef ciency ad decrease waste by receiving goods only as they are need in the production process thereby reducing inventory costs. This method requires that producers(in this case toyota) to accurately forecast the demand.