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Problem: In an essay format, students will describe the quantitative mental model to be used in support of an operational, ethical, legal, or managerial issue. The model should be expressed mathematically, making sure to identify the dependent and independent variables in the model. The essay should be a minimum of 1 to 2 pages double spaced with 1-inch margins. Students should not be allowed to use the core elements of this example to support the completion of their work.
Example of a sample response:
Consider the problem of determining how to travel from your home to school or work. There are probably many different routes that could be taken that might influence the total distance (or total length of time) required for the trip. Most people would be interested in determining the route that requires the least distance (or least amount of time). In this sort of problem (also known as a shortest path problem) the different routes that can be chosen represent independent variables and the dependent variable would be the total distance (or total travel time).
Since the early 1980's we in the United States have been hearing about, and most have adopted, Just-In-Time or Lean Manufacturing as practiced by the Japanese. Is it really "just-in-time" if you the consumer can buy any color Toyota right from the de..
Explain the difference between a "management perspective" and an "employee perspective and discuss your level of comfort with taking on the role of a management perspective.
Georgia products offers the following discounts schedule for its 4 by 8 foot sheets of good-quality plywood: Order Unit Cost ($) 99 sheets or less 18.00 100 to 299 sheets 17.00 300 to 499 sheets 16.00 500 or more 15.00 Home Sweet Home Company orders ..
Explain how could Stryker utilize insights gained from the experiences of the Freiburg team to address the ongoing quality problems with the actual orthopaedic implants.
How many units of the product should the retailer order to maximize total supply chain expected profit? What is the associated retailer's expected profit and the supplier's expected profit?
The Bouchard Company's EPS was $5.39 in 2005, up from $3.08 in 2000. The company pays out 35% of its earnings as dividends, and its common stock sells for $38.
Does the United States have any advantage in either merchandise or services
Distinguish between ethical and legal principles and practices. Define the concept of ethical behavior as it relates to the purchasing and supply management function. Discuss the concepts associated with managing relationships with potential or exist..
Conduct a search of websites that provide Internet presentations. Select one and critique its content, visuals, and the presenter's skills. Make sure to include the URL in your Discussion Forum.
Define the organization's vision, mission, and values. Outline the basic planning process for the organization, and describes how the three levels of management influence this process.
How do companies use reengineering to redesign organizational processes?
Facility building is paramount after cities win a bid to host the Olympic Games. What is one of the biggest concerns, outside of construction costs
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