Assignment (Section B) Free Abbey Wineryy Submitted to: Prof. Saji Gopinath‚ IIM‚ Kozhikode Submitted on: 12th Jun. 2013 Submitted by: Manoj K. Nair‚ EPGP-05-130 Merton Truck Company Top Management of Merton Truck Company is planning to revisit the current product mix of the company involving two models of trucks M101 and M102 as the President of the company feels that M101 truck is not contributing to company’s profit. She also feels
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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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SOC. 351 #6 - Robert 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
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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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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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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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11/29/13 English IV A Modern Day Sir Thomas In society today it is blatantly apparent that there are more than a few problems with society itself but they can for the most part be narrowed down into a more general criteria that applies for most what we would call first world societies. These problems range for social equality to even such things as living conditions and or minimum wage and their perpetrators per say have done almost nothing to solve these problems or progress towards a better
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War in the Modern World War has fascinated the minds of the greats throughout history. Its concepts and understandings have been passed on to us through the few surviving works of those‚ whose lives were touched by war‚ in an ancient archive. Some saw war as an ordinary‚ inevitable phenomenon that has a place among natural order of human lives (Jacob Walter)‚ while others interpreted it as devastating and terrible deviation from the natural order of things (W.T. Sherman). Over the course of
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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 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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