AGW614 Managerial Economics Lecturer : Dr. Lai Yew Wah Tutorial 3 solutions Group 5 Chan Wooi Wang ( S-GSM0028/09 ) Chu Wee Liang ( S-GSM0039/09 ) Lee Yee Ling ( S-GSM0087/09 ) Questions Q 5. What would you expect to happen to spending on food at home and spending on food restaurants during a decline a decline in economic activity ? How would income elasticity of demand help explain these things ? Q ( Demand ) QS0 Superior QI1 QI0
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Letter of Transmittal Dated: 2nd May‚ 2012 Mohammad Anwar Hossain Assistant Professor‚ Department of Marketing‚ University of Dhaka Subject: Submission of Term Paper. Dear Sir‚ It gave us an immense pleasure in presenting this assignment‚ which was assigned to us as a term paper of Business Logistics (413) course. In this paper‚ we have tried our level best to carry out all the requirements of a term paper. We consider ourselves very
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1.1 Introduction Supply chain management‚ is the active management of supply chain activities to maximize customer value and achieve a sustainable competitive advantage. It represents a conscious effort by the supply chain firms to develop and run supply chains in the most effective & efficient ways possible. Supply chain activities cover everything from product development‚ sourcing‚ production‚ and logistics‚ as well as the information systems needed to coordinate these activities. Figure 1
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clothing considered as ‘unique’ -that won’t be in the shop for more than 2 or 3 weeks. On short‚ as well the title of this paper states: ‘Responsive‚ High speed‚ Affordable fashion’. Stores are managed as small business‚ vertical communication and supply chain‚ so each manager knows exactly the demand and specific request‚ model and colour. This is a way of increasing efficiency‚ loyalty and customers satisfaction. Unlike the competitors‚ Zara spends a low percent of its sales on advertising‚
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Case Study #3: A Pain in the (Supply) Chain Highlights This case is about the bullwhip effect and supply chain coordination Read “A pain in the (supply) chain” in the course pack and the supply chain integration (bullwhip effect) chapter in the textbook. To meet the target of 9% sales growth‚ Exceso Corporation (the manufacturer) starts an aggressive promotion (sharp discount in the price) to its retailers‚ despite the obvious downside of doing so. Please read the case carefully and
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PR)OCUREMENT AND SUPPLY CHAINCourse Outline This course intends to develop students knowledge of procurement principles. Procedures and Documentation. Objectives of the course. At the end of the course‚ the trainee should be able to-: i)Demonstrate knowledge of the general principles and procedure of purchasing. ii)Use and produce the documents involved in the purchasing process. TOPICS 1.Defination and scoop of purchasing. 2.Purchasing procedures. 3. Documents used in purchasing. 4.Purchasing
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Desk Jet Printer Supply Chain From the case‚ there’re several significant issues emerged in HP desk jet printer supply chains: - Inefficient demand forecasting system - Long lead time - Disagreement on right level of inventory among HP divisions Demand Forecasting System HP desk jet printer is considered in the mature stage of product life-cycle. So‚ time-series analysis along with causal methods would be efficient tools for forecasting demand. As time-series methods use a variety of past
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Bergerac Systems: The Challenge of Backward Integration Abstract Veterinary expenditure has been on an increasing trend due to the increase in pet ownership in the United States. Bergerac is a company producing equipments used for testing pet patients in the veterinarian clinics. Omnivue is one of the most successful equipments produced by the company‚ which is priced at a competitive rate to attract lower and middle sized veterinarians. The production of Omnivue involves the use of plastics and
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the efficacy of its supply chain. Around the world (including India)‚ approximately 85% of McDonald’s restaurants were owned and operated by independent franchisees. Yet‚ McDonald’s was able to run the show seamlessly by outsourcing nine different ingredients used in making a burger from over 35 suppliers spread all over India through a massive value chain. Between 1992 and 1996‚ when McDonald’s opened its first outlet in India‚ it worked frenetically to put the perfect supply chain in place. It trained
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SCM Books Logistics & supply chain management / Martin Christopher. Christopher‚ Martin. Harlow‚ England ; New York : Financial Times Prentice Hall‚ 2011. 4th ed. Operations and supply chain management / F. Robert Jacobs‚ Richard B. Chase ; contributor‚ Rhonda R. Lummus. Jacobs‚ F. Robert. New York : McGraw-Hill Irwin‚ c2011. 13th ed.‚ global ed. Construction purchasing & supply chain management / W.C. Benton‚ Jr.‚ Linda F. McHenry. Benton‚ W. C.‚ 1948- New York : McGraw-Hill‚ c2010
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