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You have been hired by a cell phone manufacturing company to procure TFT screens for multiple types of phones to be manufactured at a facility in Yankton, South Dakota.
a. There are several models that could be appropriate for this problem. Give an example of each of the following model types you may consider for this purchase.
i. Schematic
ii. Analogous
iii. Physical
iv. Mathematical
b. Give an example problem associated with this purchase that you would be solving.
c. What kind of model would you create to solve this problem? Describe the rationale behind this model selection.
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After reading Porter's "The Five Competitive Forces that Shape Strategy," discuss briefly, in your own words,
If the company has available 100 pounds of material I and 200 pounds of material II, and if the profits for the three products are $20, $20, and $15, respectively, how much of each product should be produced to maximize profits?
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Describe strategic planning techniques used to formulate alternative strategies designed to achieve stated business goals.
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