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Natural Disasters and the Decisions That Follow

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NATURAL DISASTERS AND THE DECISIONS THAT FOLLOW
Problem Definition
Response of different industries ( Insurance Industries, Airline Industries…etc) to natural disaster.
A natural disaster is a major adverse event resulting from natural processes of the Earth; examples include floods, volcanic eruptions, earthquakes, tsunamis, and other geologic processes. A natural disaster can cause loss of life or property damage, and typically leaves some economic damage in its wake, the severity of which depends on the affected population's resilience, or ability to recover
How natural disasters affect business?
To which extend do people like Rommel, Neeleman consider customer welfare during making their decisions?
Does natural disasters a reason for companies to neglect their organizational Constraints, (customer service and satisfaction)?
Justification of the problem
There are several factors that affect decisions that follow natural disasters.
• % of accuracy in predicating natural disasters.
This determines how seriously companies should take the predication into consideration
• Timing of the information . It affects the ability to have enough time to respond and make all necessary decisions
•Planning and rules to be set, regularly reviewed to include any new case and tested by companies. This plan should consider welfare of both owners and customers.
• Ability to adjust adequately for subsequent information and not being selectively interpreting what one sees on the basis of one's interests, background, experience and attitudes.
• Consideration of Humanity during planning and during disaster time (ex. hundreds of passengers on planes, at JFK, in some cases for as long as 10 hours with bathrooms closed!).

List of Alternatives
• Comprehensive Data.
• Planning
• Action Before and During Event
• Recovery

Evaluate the Alternatives
1.…...

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