Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The demand for airline travel is quite sensitive to price. Typically, there is an inverse realtionships between demand and price; when price decreases, demand increases and vice versa. One major airline has found that when the price (P) for a round trip between Chicago and Los Angelos is $600, the demand (D) is 500 passengers per day. When the price is reduced to $300, the demand is 1,200 passengers per day.
a. plot these points on a coordinate system and develop a linear model that relates the demand to the price.
b. develop a prescriptive model that will determine what price to charge in order to maximize the total revenue.
c. by trial and error, can you find the optimal solution that maximizes total revenue?
Contrast the differences between a project and a process. Explain why project management is often used to train future senior executives.
What is the optimal solution? You should be able to determine this by inspection. If the linear program has multiple optimal solutions, identify the optimal solution set
You are the manager of the Gander Mountain store in Frogtown, Illinois. Recently, a customer mentioned that they believed your prices for ammunition were lower than the prices of Gander's primary competitor in the hunting equipment market, Cabela's.
The marketing department at State University is working on a project with the following information. The Activity Time is also referred to as the Normal Activity Time and is the time it takes to complete the activity based on the normal times.
Why is benchmarking an important component of total quality management (TQM) programs? Do you believe a company could have a successful TQM program without using benchmarking?
Select an industry. Using the Porter's Five Forces of Competition, illustrate the forces to the industry you selected. Explain the rational you used for determining the necessary factors.
Use Annotated Outline assignment (add your changes and improvements) as your TOC (Table of contents) and guide in creating the content of your risk management plan. Your project will integrate the various aspects of project risk planning,
Are long-term objectives helping the enterprise make appropriate strategic choice decisions? How do distinctions between value disciplines, and generic and grand strategies help build competitive advantage?
Discuss the impact of a strong culture on organization and managers.
Orangemen Lofts plans to add 300 luxury apartments to its complex in Cohoes. The cost of the land now is $16 million including taxes and fees. The construction cost is expected to be $64 million including the cost of the central amenities.
For the second constraint, you would shade towards the origin, for the third constraint, you would shade toward the origin.
Which of subsequent production plans is better: Plan A-chase demand by hiring also firing; or Plan B-make at a constant rate of 1200 also obtain remainder from overtime.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd