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The ?Lubricant is an expensive oil newsletter to which many oil gaints subscribe, including Ken Brown (see problem 3-17 for details). In the last issue, the letter described how the demand for oil products would be extremely high. Appartently, the American consumer will continue to use oil products even if the price of these products doubles. Indeed, one of the articles in the Lubricant ?states that the changes of a favorable market for oil products was 70%, while the chance of an unfavorable market was only 30%/ Ken would like to use these probabilities in determining the best decision.
(a) What decision model should be used?
(b) What is the optimal decision?
(c) Ken beleives that the $300,000 figure for the Sub 100 with a favorable market is too high. How much lower would this figure have to be for Ken to change his decision made in part b?
The motor carrier industry is known to contain a high percentage of variable costs and a relatively lower percentage of fixed costs. Why is this case? In your initial discussion board post, make an argument for 2 - 3 variable costs that motor carrier..
In no more than 100 words, address why you think there has been (and still is) such strong opposition to the trade union movement by American business management and how this opposition affects the aviation industry.
Finally, also provide practical solutions that may help Mr. Jefferson avoid the potential defects in the contract formation process that he now faces.
which of the following is the net requirement using an mrp program if the gross requirement is 10000 and the inventory
Describe how Union Pacific will be affected by each of these external factors. the factors are social / demographic, technological, economic, environmental / geographic, and political/legal / governmental segments to understand the general environ..
Most Western European countries have national health care programs that provide universal access. How does the National Health Insurance system, such as the one adopted by the country of Canada differ from the National Health system, such as the o..
Define the nature and scope of operational risk. Compare and contrast the roles and responsibilities in the three lines of defence model.
Identify performance criteria and develop an example supplier performance matrix to show how the firm would use this tool to measure a suppliers' performance.
Every organization has a culture and a way to get things done. Compare and contrast the roles of managers to the roles of leaders in culture development and strategy execution. Ultimately, what is more important to the success of the firm, having a g..
Provide a high-level analysis of the company's business strategy and oper ating performance. Be sure to complete the following: Analysis of the company value proposition, market position, and competitive advantage and External environmental scan/five..
An assembly line with a number of tasks is to be balanced. The sum of the task times is 62 minutes. The line will operate for 6 hours per day.
Identify your selected unit (or department) in the first line of your posting. Identify the key inputs and outputs of this unit. Briefly discuss factors that should be considered when establishing the primary productivity measure for your selected un..
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