DXX I NDIAN I NSTITUTE A HMEDABAD OF M ANAGEMENT IIMA/QM-xxx Merton Trucks Case Note Abstract We discuss Merton Trucks [Dhe90a] as a case to introduce linear programming in the MBA program. This case adapted from Sherman Motor Company case‚ was used to introduce Linear Programming formulations as well as duality. Refer to the teaching note [Dhe90b]. Our approach differs from the approach suggested by Dhebar [Dhe90b]. First‚ our audience consists pre-dominantly of engineers with not too much work
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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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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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INTRODUCTION Shun Electronics Company is a medium-sized firm with in the Malaysian electronics industry. Currently there are two operating divisions‚ the KB Monitor division which manufactures computer monitors‚ and the KL Radio division which makes radios. For this case‚ we will be presenting the side from the KL Radio division. The KL Radio division currently makes two basic radios- a shelf model and a portable model. Each of these models is available in three different versions; a bathroom
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Merrill Electronics Corporation Case Context Merrill Electronics Corporation‚ founded by Thomas Miller in 1950 and a major distributor for the Global Electrical Company (GEC)‚ is one of the largest manufacturer of electrical and electronics products for consumer and institutional markets. Over the years‚ it has expanded its operations with its noncompeting lines of electrical appliances‚ records‚ compact discs‚ and cassettes and through importing from and distributing to Taiwan and Japan.
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One of the well know socialists of the twentieth century is Robert K. Merton (1910-2003). He is a major theorist who is known for creating several pivotal sociological concepts. One of his most important achievements has been the established connection between theory and research‚ thereby making the way for the course of sociology. Merton favored what he called middle range theories: these are theories that “lie between minor but necessary working hypotheses that evolve in abundance during day to
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Case: Blake Electronics Statement of the problem: a. Should Steve contract the services of an outside research agency? b. If survey is warranted‚ should he employ MAI or I&K? c. Should the new product line be introduced? MAI’s proposal directly gives Steve the conditional probabilities he needs (e.g.‚ probability of a successful venture given a favorable survey). Although the information from Iverstine and Kinard (I&K) is different‚ we can easily use Bayes’ theorem to on I&K information
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he Samsung Electronics Company has become the largest conglomerate in South Korea over the past decade. Net sales of the Samsung Group totaled $135 billion in 2004 and has 337 overseas operations in 58 countries. Electronic‚ finance‚ and trade and services are the three core sectors within the Samsung Group. Semiconductor products are classified into two different categories of chips‚ which are memory and logic. The net value of Samsung experienced rapid growth from 2000 to 2004‚ growing from $ 5
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459). Regardless of the minor modifications made within his theory‚ Merton has done little to resolve the basic problem‚ leading his concepts to have a “double meaning” (Rosenfeld‚ 1989‚ p. 459). For instance‚ “it is not clear from Merton’s discussions whether legitimate means refers to opportunities or outcomes‚ to access
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Meyer R. Scholnick also known as Robert King Merton was born on the 4th of July 2010 in Philadelphia in a Jewish family from Russia that immigrated to the United States of America. He took advantage of the culture riches surrounding him by frequenting nearby cultural and educational venues when he was in High School. Merton’s numerous childhood encounters composed a basis for his theory of social structure. The field of criminology and criminal justice has employed many of Merton’s prominent concepts
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