Question

Cox (1997) has argued that the concept of the supply chain is insufficient and that it can on

be fully understood when it is mapped with a parallel value chain.

Answer 1

Due to lack of practical approaches and avoidance of normal or location-scale distributions factors, a real parallel value chain is required

Step-by-step explanation:

Remaining part of Question

Justify

Solution

According to Cox there was a difference in making theoretical decision as it takes into account only normal or location-scale distributions which implies that less money is preferred over more. Several measures such as variance, standard deviation, expected or absolute values of deviation in financial engineering and financial risk management of a supply chain poses it to the downside risk and hence there is a need of parallel value chain