The real world problem that we will use is: Jenny’s bakery makes two types of cakes: Angel food cake which sells for $25 Red Velvet Cake which sells for $35 Both cakes are the same size‚ but the decorating and assembly time required for the angel food cake is 2 hours‚ while the time for the red velvet cake is 3 hours. There are 450 hours of labor available for production. How many of each cake should Jenny make to maximize revenue? For this problem we will use linear optimization‚ which is a method
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workplace where it promotes healthy decision making all in an effort to limit the effects of egocentricity in one’s life. According to Martin Luther King Jr.‚ “Education must enable one to sift and weigh evidence‚ to discern the true from the false‚ the real from the unreal‚ and the facts from the fiction. The true function of education‚ therefore‚ is to teach one to think intensively and to think critically.” In educational institutions‚ students often lack the quality that would enable them to be critical
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UPS Case Study 1. What are the inputs‚ processing‚ and outputs of UPS’s package tracking system? 1) The inputs of the package tracking system are information about senders and receivers‚ such as their names and addresses‚ the weights of packages‚ the contents of the packages‚ the pick up dates‚ the type of services (ground shipping‚ overnight shipping‚ etc.) and customers’ signatures. 2) The system then processes those information to calculate and compare delivery routes for each driver
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P&G Japan: SK-II Globalization Case SK-II is a high-end skin care product‚ which has proven to be a success in the highly selective and competitive Japanese cosmetics market. It fits in the Japanese environment nicely. For starters‚ the wealthy Japanese society gives P&G a large market to target. Also‚ the uniquely sophisticated habits of Japanese women means they are more likely to accept the more complicated procedure required by SK-II. SK II involves six to eight steps‚ which is more
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mutual funds changing over time correct? To answer this‚ split the sample into two sub-periods: 1980-2000 and 2001-2009. Using the data in the Spreadsheet Supplement to the case‚ generate a table of the average return and future flow for each return decide in both sub-periods. Then estimate the regression equation (1) from the case for both sub-periods both including and excluding the squared return. What do you find? Should this impact Booth’s decision? a. Based on the table of averages‚ both sub-periods
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indescribable. In Charles Mungoshi short story‚ “the setting sun and the rolling world”‚ he describes two different perspectives of happiness. The perspective of old Musoni and his son‚ Nhamo. Mungoshi’s most important theme is that one’s pursuit of happiness can give someone pain. Three important examples support this. The first is Nhamo and his father‚ old Musoni‚ arguing about Nhamo’s decision. The second is old Musoni’s fear for his son in the big world. The third is old Musoni’s emotional approval for
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Crazy or Not: Don Quixote and the Real World There have been a number of well-known “mad men” over the course of time‚ a list made up of autocratic rulers‚ serial killers‚ mad scientists and other psychopaths who became infamous because of their violation of human rights and disregard for human life. Caligula‚ a Roman emperor in the early centuries‚ was notorious due to his cruelty and sadistic tendencies‚ extreme extravagance‚ and sexual perversity. Much later in the eighteenth century came Napoleon
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UPS and HP: Value Creation through Supply Chain Partnerships Executive Summary United Parcel Service (UPS) and Hewlett Packard (HP)‚ both global leaders in their industries‚ strategically aligned themselves to capitalize on their ability to competitively provide superior services to their customers. UPS‚ a global distribution company and HP an information technology firm signed a contract solidifying a three year partnership in the early
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I have noticed in comparison to how others handle real world judgments on actions such as driving a car or stacking objects in a storage space‚ that I have trained myself to mentally document conditions so that I make better decisions as I visually perceive the situation. While driving a car on a multi lane road‚ I alway take aware of any side lanes. If there is a car ahead‚ I drop back to stay out of their blind spot. I put myself into their seat and imagine what they don’t see by examining how
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Japan earthquake and tsunami - 2011 Japan is an island nation located in East Asia. Located in the Pacific Ocean‚ it lies to the east of the Sea of Japan‚ China‚ North Korea‚ South Korea and Russia. Japan is an archipelago of 6‚852 islands. The four largest islands are Honshu‚ Hokkaido‚ Kyushu and Shikoku‚ together comprising about ninety-seven percent of Japan’s land area. Japan is a major economic power and has the 3rd largest nominal GDP Its GDP per capita is $34‚739 or the 25th highest in the
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