CHAPTER 9 BALANCING DEMAND AGAINST PRODUCTIVE CAPACITY FLUCTUATING DEMAND • A major challenge for many types of capacity-constrained service organizations • Play havoc with efficient use of productive assets‚ thus eroding profitability • 2 basic approaches: (1) adjust the level of capacity to meet variations in demand (2)manage the level of demand using marketing strategies ➢ Services are perishable; ➢ Most acute among services are process people or physical possessions
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Harvard Business School 9-187-107 Rev. November 4‚ 1998 John Deere Component Works (A) The phone rang in the office of Keith Williams‚ manager of Cost Accounting Services for Deere & Company. On the line was Bill Maxwell‚ accounting supervisor for the Gear and Special Products Division in Waterloo‚ Iowa. The division had recently bid to fabricate component parts for another Deere division. Maxwell summarized the situation: They’re about to award the contracts‚ and almost all of the work
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There are elements of Epigenetics in the most unexpected areas‚ such as this schizophrenia is a dreadful mental illness‚ and if untreated can completely disable a person. People suffering this disease lose all perception of the real world‚ and know only their own hallucinatory and delusional world. Normal cognitive‚ emotional‚ and societal responses are seemingly lost. Most people are misled in believing that people suffering from schizophrenia are most often dangerous and violet‚ however‚ this isn’t
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Why the aggregate demand curve slopes downward: To answer this question‚ we recall that the components of economy’s GDP: Y = C + I + G + NX We assume that government spending is fixed. The other three components: consumption‚ investment‚ and net exports depend on economic conditions and on the price level. 1. The price level and consumption: The wealth effect: Ex: The nominal value of a dollar is fixed‚ yet‚ the real value of a dollar is not fixed. Coca Pizza 1 $ 1 0.5$ 2 → A decrease
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Elements of Democracy I believe Canada does not have a true democracy. Canada does not exhibit three of eight elements of democracy: political equality‚ common good and human dignity. One of the elements of having a democracy is political equality. Political equality is when every citizen has the right to vote and run for office and to speak on public issues. However the requirement to be able to vote and run for office in Canada is you must be a Canadian citizen and be above the age of 18. I think
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Self-change I have a “bad habit” which is I am lazy. When I am doing something‚ I always think I can do it tomorrow because it is not late. Not only in school‚ but also I am lazy in my life. in school‚ I try to be a good student at the beginning of the semester. But then‚ I am going to think that I can do my homework until the last due day. I do not want to do homework when the day that the teacher gives me. Sometimes‚ if I finish homework early one time‚ next time I will be lazier. In the life
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Elements of Nonfiction Name: __________________________________________________Date:______________ While some readers enjoy getting lost in imaginary world of fiction‚ others prefer the authenticity of stories from real life. Nonfiction is writing about real people‚ places‚ and events. There are two broad categories of nonfiction. One category‚ called informative nonfiction‚ is mainly written to provide factual information. Nonfiction of this type includes science and history texts‚ informational
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Demand for Medical Care The demand for medical care is derived from our demand for good health. Michael Grossman was the first to do econometric research on this topic. "Grossman ’s work established two approaches for consideration. In the first‚ medical care is viewed as an input in the production function for health‚ and in the second‚ as an output produced by medical care providers (Henderson‚ p.142)." There are two main factors that determine the demand for medical care. The first is the
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Characteristics of Supply and Demand The law of supply describes the practical interaction between the price of a commodity and the quantity offered by products for sale. The law of supply is a hypothesis‚ which claims that at higher prices the willingness of sellers to make a product available for sale is more while other things being equal. When the product is high‚ more producers are interested in producing the products. On the contrary‚ if the price of a product is low‚ producers are less interested
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Adopt an Element Purpose To research two elements on the periodic table and create a neat‚ colorful‚ and creative 8.5’ x 11’ poster on colored paper that highlights the following information: • Symbol (lettering must be 11 cm high‚ minimum must be placed in the left hand corner) • Name of element (lettering must be 2 cm high‚ minimum Must be underneath the symbol.) • Atomic number (lettering must be 2 cm high‚ minimum Must be placed in the top right hand corner) •
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