When UPS starting the scenario planning for Horizon 2017‚ they decided to limit the number of participants from the 1997 scenarios. The purpose of this was to steer clear of similarities between the two scenario-planning sessions. But as an end result‚ they ended up with scenarios still biased towards the 1997 scenarios. To assist UPS in avoiding this bias would be to have two different scenario-planning sessions. One session would include the participants of the Horizon 2017 session‚ one with
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the case of a complex system. In this thesis‚ Monte Carlo Simulation (MCS) has been proposed for the purpose of reliability evaluation of the distribution network containing renewable distributed generation which is a simulative technique. The MCS is widely used in power system studies such as probabilistic power flow‚ economic dispatch and reliability evaluations [12]‚ [13]. Evaluation of distribution system reliability based on Monte Carlo Simulation is one the well-known method in complex non-linear
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(i) What is meant by ’cross-price elasticity of demand’? It is a measure of the responsiveness of demand for a good to a change in the price of another good. This good can either be a substitute good or complementary good. (ii) Comment on the cross-price elasticity of demand between platinum and gold. When the price of platinum rises demand for gold rises. Because gold can be a substitute for platinum people will want to buy gold more when the price of platinum increases. (b)
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Ethical-Legal Considerations Identify the ethical/legal violation(s) involved in each of the following scenarios. Provide a rationale for your answer. Scenario 1 A nursing home resident continues to wander into the rooms of other residents. The nursing assistant yells “I’m gonna hit you if you go into one more room today!” Both ethical and legal violation. Scenario 2 A female patient refuses to eat the food that has been served on her breakfast tray. The nursing assistant
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and their competitive organizations set the prices for their industry. “Because of their “fewness‚” oligopolies have considerable control over their prices‚ but each must consider the possible reaction of rivals to its own pricing‚ output‚ and advertising decisions” (Brue et al‚ 2009). The two main competitors for the McDonald’s corporation are Burger King and Wendy’s. The pricing summaries for all three organizations are very similar. With prices fairly consistent‚ how are companies competing
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Who do you believe should be President? I believe Ted Cruz should be President because he is a Conservative‚ and he believes in the Bill of Rights and the Constitution of the United States. Ted Cruz also truly believes in protecting America first‚ and that all Americans are equal and supports our troops. Since Ted Cruz believes that all Americans are equal‚ He believes that all people should pay equal taxes‚ and that we should help the homeless and help them find them find homes and decent jobs
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Supply and Demand Scenario In the global economical scenario the factors governing the supply‚ demand and even manufacturing location are driven by global factors. The opportunity cost is governed by customer demand in global locations. Proximity to the end user is a key factor in selecting the location of manufacturing facilities or distribution network. This is more important in products where the transportation cost is significant and business is serving a specific customer base. In case
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strategy and issues. The recently rally by Congress in New Delhi and JD(U) in Patna are the best set example that parties have already geared up for the battle 2014. There are many issues like corruption‚ inflation‚ subsidies on LPG‚ and hike in Petrol prices – which could put voters in puzzles to decide their right candidates to send to the Parliament. The year 2012 was full high voltage political activities‚ since the beginning of the year the ‘Jan Lokpal Bill’ has been in the news. The nation has
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Price discrimination Price discrimination is the practice of selling the same product at different prices to different customers‚ when there is no difference in the cost to produce the product. Price discrimination is done to maximize profits. This occurs when market prices are set differently to different buyers‚ according to the willingness of each buyer to pay (demand curve) rather than setting a uniform price. It can be seen in the image below how if the seller kept the uniform price of Africa’s
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Communication Channel Scenarios Management / MGT521 February 12‚ 2012 Communication Channel Scenarios Choosing the best communication channel for each circumstance can mean the difference between the success and failure of a communication attempt. The textbook‚ Organizational Behavior‚ Fourteenth Edition‚ Chapter 11‚ (Robbins‚ 2011) displays ten Communication Channels‚ discusses the richness and leanness between those channels‚ and gives suggestions on how to choose the correct
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