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Q. Each American family is classified as living in an urban, rural or suburban location. During a given yr, 15percent of all urban families move to a suburban location also 5percent move to a rural location; also, 6percent of all suburban families move to an urban location also 4percent move to a rural location; finally, 4percent of all rural families move to an urban location also 6percent move to a suburban location. (a) If a family now lives in an urban location, illustrate what is the probability which it will live in an urban area two yrs from now? A suburban area? A rural area? (b) Suppose which at present, 40percent of all families live in an urban area, 35percent live in a suburban area also 25percent live in a rural area. Two yrs from now, illustrate what percentage of American families will live in an urban area? (c) Illustrate what problems might occur if this model were used to predict the future population distribution of the United States?
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A distributer of large appliances needs to determine the order quantities also reorder points for the various products it carries. Elucidate what is the economic order quantity.
Mathematical formulation of the model
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A large bakery buys flour in 25-pound bags. The bakery uses an average of 1,215 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $10 per order. Yearly carrying costs are $75 per bag.
Marketing anticipates that the Raleigh/Durham market will grow by 3,000 cwt. in 2011 and that Fireside will serve the growth from Allentown. Explain how will this affect Atlanta as a location.
Describe the target market in the United States, including customer demographics and income levels. Describe the competition the product would face in the United States and how you would create a competitive advantage. Name at least two competitors..
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This was expected to cost a total of $8,501,000. To date they have spent $5,001,000 on the superstructure. Computes the schedule variance, schedule performance index also cost performance index for the project to date.
Elucidate what do you think are the differences in determining the impact of the cost factor versus the "people" factor using the process technology approach.
Do you think small businesses have any opportunity to compete in a global market. Explain how can they improve their success.
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