Principles of Operations Research—10. The Titanic Coincidence
Published Online:1 May 1975https://doi.org/10.1287/inte.5.3.53
Abstract
The operations analyst must learn to be ruthlessly realistic in writing the scenarios for the environment of the system, especially in respect to events of low probability which may seem at first glance to be independent, if he is to avoid “coincidences” like those which befell the Titanic.
