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Refer to the Par, Inc., problem described in Section 2.1. Suppose that Par's management encounters the following situations:
a. The accounting department revises its estimate of the profit contribution for the deluxe bag to $18 per bag.
b. A new low-cost material is available for the standard bag, and the profit contribution per standard bag can be increased to $20 per bag. (Assume that the profit contribution of the deluxe bag is the original $9 value.)
c. New sewing equipment is available that would increase the sewing operation capacity to 750 hours. (Assume that 10A + 9B is the appropriate objective function.) If each of these situations is encountered separately, what is the optimal solution and the total profit contribution?
Text Book: An Introduction to Management Science: Quantitative Approaches to Decision. By David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Camm, James Cochran.
How does the strategy of expansion compare to other companies that stay within a certain product line that you often find in retail environment like the shopping mall? What would be the operational advantage the limited or focused strategy? Keep in m..
Search for the term ‘business forecast software.’ Find three different software packages and compare and contrast the features and costs of each software package. Assume you have been tasked with purchasing one of the packages. Which one would you ch..
Conduct an internet or library search for information on "The Bay of Pigs Invasion in terms of bounded awareness. In your opinion, what caused the poor decisions to be made? Could focalism and/or focusing illusion have played a part in this failure? ..
Analyze the main manner in which culture and communication may affect the negotiation process. Propose your own best practice for accommodating multiculturalism when negotiating internationally. Provide a rationale for your response.
A software development project at day 70 exhibits an actual cost of $78,000 also a scheduled cost of $84,000. Software manager estimates a value completed of $81,000. Illustrate what are cost also schedule variances also CSI. Estimate time varianc..
Outline the steps in the design of a quality control system. These steps can be found in narrative form within section 9.1 of your textbook. Discuss how the steps can lead to higher efficiency in an organization.
John Kotter in his article “What Leaders Really Do" makes the following statement " Managers promote stability while Leaders press for change, and only organizations that embrace both sides of the contradiction can thrive in turbulent times."
Evaluate the regression output of your regression model. Is the output in good shape. Are there any modifications you would like to do. Is there any evidence of multicollinearity problem.
How could maintenance mechanics be better utilized?
What is the optimal decision strategy and its expected value? b) What is the expected value of perfect information? Explain what it means.
Outsourcing, especially to low labor-cost countries, has grown substantially. Be sure to address the following in your paper: Analyze the trade-offs between inputs for the productivity improvements.
If social networks are an essential element of the organizing facet of the P-O-L-C framework, should employers track the use of LinkedIn or Facebook among their employees? Why or why not?
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