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Now let Alcoa and Kaiser repeat their pricing decision on the first day of every month. Suppose they have been cooperating for the past few months, but now the manager at Kaiser is trying to decide whether to cheat or to continue cooperating. Kaiser’s manager believes Kaiser can get away with cheating for two months, but he also believes that Kaiser would be punished for the next two months after cheating. After punishment, Kaiser’s manager expects the two firms would return to cooperation. Kaiser’s manager ignores the time-value of money and does not discount future benefits or costs. · What is the monthly gain to Kaiser from cheating? What is the present value of the benefit from cheating for the two months of cheating? · What is the monthly cost of punishment to Kaiser? What is the present value of the cost of cheating for the two months of punishment? · Will Kaiser cooperate or cheat? Explain.
Which of the following is true regarding acceptance by silence?
Do you think it is easier or harder to make decisions today than it was in the past? Why or why not? What stands out to you in terms of assisting in decision making processes for businesses and why?
What are the main arguments the team is trying to counter? That is, what are the reasons and rationalizations they need to address?
You are designing a grocery delivery business. What should be your competitive priorities?
The primary use of online transaction processing (OLTP) systems is to define a set of reachable and exploitable vulnerabilities present in a database. Fiber-optic media provides a wider bandwidth than copper wiring and thus is more susceptible to ele..
A time study of a factory worker has revealed an average observed time of 3.20 ?minutes, with a standard deviation of 1.00 minute.
Explain Maxwell’s, The Law of Victory and it's importance to ones leadership style?
Consider a project, such as moving to a new neighborhood completing a long-term school assignment, or even cleaning your bedroom. Develop a set of activities necessary to accomplish that project and then order them in a precedence manner to create se..
Applying the MSE measure of forecast accuracy, would you prefer a smoothing constant of = 0.1 or = 0.2 for the gasoline sales time series?
What made the ownership of broadcast television networks so appealing to film studios by 1995?
Describe the implementation of any one statistical process control program (e.g., Deming). Discuss moving toward reduction in non-value-added activities. Include examples. Explain the adoption of lean manufacturing techniques
As part of your Doctoral Seminar for this set of weeks, you are participating in a seminar-style discussion about the weekly topics. Recall that you were asked to address five of the required resources and at least five additional resources from t..
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