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Historical Development of Engineering Management
1) Stones for the pyramids were quarried far to the south (upstream on the Nile River) and were brought downstream on rafts only during the spring flood of the Nile. Discuss some of the planning and organizational implications of this immense logistic effort.
2) Summarize the contribution of the American Society of Mechanical Engineers to the dissemination of better methods of (production) shop management. What does this say about your need to be active in at least one professional society?
3) What was the positive value of Max Weber's model of "bureaucracy?"
Prices for a hypothetical good have been falling over an extended time period. Describe at least two non-governmentally-caused market demand conditions that might explain these decreases in price. Be specific in your answer.
Explain the changes in the maturity values if the yields increase 1 percent. Assume that the insurance company has no other assets. What will be the effect on the market value of the company’s equity if the interest rate changes in (b) and (c) occur?
Equate the following cash flows to equal cash flows in years 5,6,7,8 and 9. Let i = 8% per year. Use a uniform gradient factor in your solution.You have the following end of year cash flows: Y0 = $400 Y1 = $300 Y2 = $200 Y3 = $100
Paper currency is the most easily recognized form of money. How well does paper currency serve the functions of money if we have an inflation rate of 50-percent per year.
Draw a diagram to show how a decline in the growth rate of the work force would affect the steady-state level of per-worker capital in the Solow growth model. Explain your diagram briefly.
Use the following information for a perfectly competitive firm and the profit-maximizing input-combination rule to identify how many workers firm will employ to maximize profits.
i. What fraction of the time is server 1 idle? ii. Find the expected number of customers at each server. iii. Find the average time a customer spends in the system.
suppose a certain opthalmic trait is associated with eye color. 300 randomly selected individuals are studied with
1. a innocent a first year business student wonders why one should consider scarcity and choice as basic problems in
Do you think diminishing marginal utility is a necessary condition to get diminishing MRS? Use your answers for (a), (d), and (e) to justify your answer.
Diffrence between Federal funds rate and the prime interest rate. Explain why is one higher than the other? Why do changes in the two rates closely track one another
What are two or three methods currently being used to encourage economic growth for the typical company in Hong Kong and typical company in Singapore?
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