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Ethics
Reliability & Uncertainty
J. Oloba Z.
+256-785552288
Slide Outline
Reliability
Uncertainty
Legal aspects
Reliability
Dassault Falcon 20s
• On the evening of April 17, 1973, 14 Dassault -
Falcon 20s owned by a little-known start-up
company took off from Memphis International
Airport
• Reliability is relative
What is reliability?
• In the manufacturing world, it is simply:
• John Wooden
What is reliability?
• Indeed, nothing is more basic, more
foundational to business, than reliability.
• Chester
What is reliability?
• That’s why brands spend so much time,
effort, and money trying to convince us
that we can always count on them.
• Chester
What is reliability?
• Look at the promises of reliability in
renowned advertising slogans like
• Chester
What is reliability?
• If the brand delivers on the promise, it
grows and thrives in the marketplace.
• Chester
What is reliability?
• Toyota became the envy of the auto industry by
producing vehicles that delivered reliability.
• Chester
What is reliability?
• Then, in 2009, reports surfaced that some
Toyota models had problems with their
brakes.
• Chester
What is reliability?
• Very few businesses — none that we can
think of — can survive (much less thrive)
with employees who consistently prove
themselves unreliable.
Business Dictionary
Uncertainty
2. Information theory:
Degree to which available choices or the
outcomes of possible alternatives are free
from constraints.
3. Statistics:
Situation where neither the probability
distribution of a variable nor its mode of
occurrence is known.
Business Dictionary
Business uncertainty
The main competition in business, in the past and
now, always comes from innovation.
Pomerol (2018)
Lander (2018)
Business uncertainty
This uncertainty, which comes in three types,
is one of the biggest issues facing small
businesses.
• State Uncertainty
– State uncertainty refers to when a
business manager is unable to
determine what could happen as a
result of the business environment.
• Effect Uncertainty
– Once you've figured out what might happen,
effect uncertainty comes into play.
Logistic Operations
• Supply Chain
–Shipper
–Customer
–Carrier
–Control systems
–External uncertainties
Causes of Uncertainty
Logistic Operations
• Transport uncertainty
–Delays
–Demand and inventory
issues
–Lack of coordination
–Delivery constraints
Causes of Uncertainty
• General causes
• Ignorance
• Indolence
• Both
• Application
• Financial markets
• New products
The igloo of uncertainty
The taxonomy of
uncertainties and decisions
Risk, Reliability, Uncertainty & the Law
ON On Off On
POTENTIAL OF:
Commercial
- Court cases
- No court cases
Oloba (2018)
Whether in:
- Politics
- Social life
- Business
- Workplace
- Religion
- Etc…,
Risk,
Reliability,
and Uncertainty
is your god!
“Life without risk
issues, reliability
issues, and
uncertainty issues
is boring”
Easy Life!