MERTON TRUCKS COMPANY Keeping 3000$ and 5000$ as unit contributions respectively for Model 101 and Model 102 trucks‚ formulate the Merton’s product mix decision problem using LP. Present the LP problem in the standard form including all the details and units. Using solver‚ find the optimal product mix of these two trucks? What is the optimum total contribution that Merton can obtain? Tabulate‚ the optimality range for the decision variable coefficients and comment what will happen if the current
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Merton’s Contributions to Sociological Theory Robert Merton studied under Talcott Parsons at Harvard University and was influenced by Pitirim Sorokin and Paul Lazarsfeld respectfully. Although Merton valued the relationship he had with Parsons and admired much of his work‚ he “diverged from Parsonian functionalism…in his decision to abandon the quest for an all-encompassing theory. He chose rather‚ to take the path of what he calls ‘middle range theories’” (p.46)‚ designed to conduct empirical
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MERTON TRUCK COMPANY Sol 1 : Given : Selling Price od Model 101 truck : 39000 Selling Price of Model 102 truck : 38000 We know‚ Contribution C = SP – VC VC for Model 101 : Direct Material + Direct Labor + Variable Overhead : 24000 + 4000 + 8000 = $36000 VC for Model 102: Direct Material + Direct Labor + Variable Overhead : 20000+ 4500+8500 = $33000 Let no of Model 101 produced be X Let no of Model 102 produced be Y Z= (39000-36000)X + (38000=33000)Y Z=3000X + 5000Y
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“The ends justify the means‚” is the epitome of Robert K. Merton’s social strain/anomie theory‚ one of his biggest contributions to sociology and criminology. According to Calhoun (2003)‚ Merton’s work in sociology include theories of the middle range‚ the sociology of science‚ the sociology of knowledge and mass communications‚ the notion of structural-functional analysis‚ the interaction between social and cultural structures and science‚ several concepts including but not limited to self-fulfilling
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Merton Electronics Case Study 1) Merton Electronics is subject to transaction exposure. Transaction exposure is the gains or losses realized from the settlement of specific transactions that are denominated in a foreign currency. There are two main types of transaction exposure: 1) Purchasing or selling on credit goods denominated in a foreign currency 2) Borrowing or lending funds when repayments is going to be made in foreign currency. In respects to Merton’s Yen payments they are subject
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preservation of this breadth there exists deviance in the society. In light of this comment it is the purpose of this write up to explain the occurrence of deviance in society using the strain theory. The writer will define the terms values‚ deviance and the strain theory and make illustrations how the theory explains the occurrence of deviance giving relevant examples in different societies. Values from a sociological perspective refer to the views that are shared by society and of what is desirable
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In our reading for this week we talked about the four norms of Merton. This was first used in 1942. The norms are universalism‚ communism‚ disinterestedness‚ and organized skepticism. These were the keys to Merton social structure of science. Once learning about the four we can take those to learn how to interpret the norms‚ and use them in boundary work. Interpreting is not knowing the definition of these norms‚ but how they are used. Using them to connect other things in life and science. Which
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Case Analysis: Merton Truck Company Linear programming techniques can be used to not only determine the best production mix‚ but also to provide clues and data suggesting ways to improve profits. In 1988‚ Merton Truck Company was searching for ways to increase profits and ultimately its poor financial performance. Options being considered included changing their product mix by either removing or adding a product line‚ or renting capacity. In the following pages‚ the product mix and capacity
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Merton Electronics Corporation About company -Since its founding in 1950 by Thomas Merton‚ Merton Electronics had been a distributor for GEC‚ a large manufacturer of electrical and electronics products for consumer and institutional market. -Over the years‚ in addition to the GEC products‚ the company had added noncompeting lines of electrical appliances‚ records‚ compact discs‚ and cassettes. -Four years later‚ it entered into an exclusive import agreement with the Goldstone Corporation of
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MERTON TRUCK COMPANY 1) No. of Model 101= x‚ no. of model 102=y.Unit contribution/model= S.P – (Variable costs + Fixed cost).For Model 101‚ variable cost=36000 /unit‚For Model 102‚ variable cost=33000/unit.Fixed cost for both the model= 8600000 Therefore‚ total contribution z=39000x+38000y-36000x-33000y-8600000Z=3000x+5000y-8600000 The Constraints are:Engine assembly: x + 2y <= 4000Metal stamping: 2x + 2y <=6000Model 101 assembly: 2x <=5000Model 102 assembly: 3y <= 4500x‚y>=0.Solving
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