Problem #1 A. How many newspapers should Sheen stock? Use the simulation in the spreadsheet “Hamptonshire Express: Problem #1” to identify the optimal stocking quantity. What is the profit at this stocking quantity? Optimal Stocking Quantity: 584 Expected profit at Optimal Stocking Quantity: $331.43 B. Verify that the value derived in part (a) is consistent with the optimal stocking quantity in the Newsvendor model = mean = 500 = Standard Deviation = 100 = Overage Cost = $0
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ACTIVITIES WEEK 1: “Introducing Each Other” (PAIR WORK) Description: Participants are asked to break up into pairs to learn about each other in order to briefly introduce the other person to the group Time Guideline: 20 to 30 minutes‚ depending on the number of participants. Purpose: To serve as both an icebreaker and a way for participants to learn more about one another Resources: None required Presentation: 1. 1. After welcoming participants to the class/session‚ tell them that they are going
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Week 1 Activity – Pseudocode ------------------------------------------------- TCO #1– Given a simple business problem‚ design and desk-check a solution algorithm that is expressed in terms of pseudocode or program notes and input-process-output (IPO) analysis leading to a flow chart. ------------------------------------------------- Assignment: This activity will assist you in the understanding of how output should appear after statements are executed (results) and how to
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27/02/2013 LAW302/9302 Law of Business Organisations Gabriel Garcia Tutor – Room: 67. 238 – Email: ggarcia@uow.edu.au – Consultation times: Topic 1: Introduction to the Law of Business Organisations Seminar (Week 2) 2/27/2013 Using the Learning Resources in this subject Your weekly study program: 1. 2. Read the workbook‚ noting the learning objectives Do the prescribed reading‚ recording – – 3. 4. 5. your reflections on the learning activities and seminar questions‚ and your comments
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Applied Problem 3 - 1 Chapter 5: Applied Problem 1 Bridget has limited income and consumes only wine and cheese; her current consumption choice is four bottles of wine and 10 pounds of cheese. The price of wine is $10 per bottle‚ and the price of cheese is $4 per pound. The last bottle of wine added 50 units to Bridget’s utility‚ while the last pound added 40 units. a) Is Bridget making the utility-maximizing choice? Why or why not? In simplest terms wine is 50 units/$10 = 5 and cheese is 40
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Week 4 Homework Solutions: Problem Set 4 1. Determining Profit or Loss from an Investment. Three years ago‚ you purchased 150 shares of IBM stock for $88 a share. Today‚ you sold your IBM stock for $103 a share. For this problem‚ ignore commissions that would be charged to buy and sell your IBM shares. a. What is the amount of profit you earned on each share of IBM stock? The profit on each share of IBM stock was $15. $103 priced when each share was sold‚ $88 priced when each
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paper is on Science‚ Health‚ and Environmental Issues‚ "With so many problems on planet Earth‚ should the United States continue to fund space exploration?" This paper is going to show you some of the advantages and disadvantages of Space Exploration. As one would think‚ there are a lot of ups and downs. We‚ the United States‚ continue to spend millions on millions of dollars to fund space exploration even though‚ we have problems here on Earth such as starvation‚ loss of jobs and poverty. Also there
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Individual Work Week 1 – Part 1 Organizational Behavior – 1M Michelle Colbath Everest University Individual Work Week 1 – Part 1 Identify which of the focus organizations you would most like to work for. Explain your reasoning. Conduct Internet research on that organization and describe it from the perspective of the four components that make up the systems framework (tasks‚ people‚ technology‚ and structure). Groupon is the focus organization I would most like to work for. Its mission
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NETW410 Week 1 Lab Report Lab 1: OPNET LAN Modeling Tutorial Week 1 iLab Report The first objective in the LAN Modeling tutorial is Setting Up the Scenario. The final step in setting up your scenario appears below. 1. (30 points) Once your project is created (after Step 6 above)‚ your workspace will contain a map of the United States. Your project and scenario name can be seen in ITGuru’s top window border in the form of Project: Scenario: . Capture a screenshot of your new project
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CHAPTER 1 THE PROBLEM AND ITS BACKGROUND Introduction Nowadays‚ modern companies in our country used proximity cards/access badges to maintain that only authorized employees enters the specific offices or floors of the building/company office. This helps in ensuring the security of every room and offices of the company. But a gaping hole in this system is the ‘what ifs’ questions it needed answers for; what if the employee just went to work and do nothing?‚ what if I just let somebody
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