Economics

presentation for Swiss Cheese Model of Accident Causation.

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Swiss Cheese Model of Accident Causation. EXPERT ANSWER presentation forSwiss Cheese Model of Accident Causation. The Sweet Cheese Model of accident deed is a perfect model enforced in risk management and analysis within the section like engineering, healthcare, a foundation for bedded security, safety of the aviation, pc security and defense. The model was fictitious …

presentation for Swiss Cheese Model of Accident Causation. Read More »

A monopolist is producing iron ore. The quantity Q is measured in tonnes of iron ore per day and can take only non-negative values. Given the current technology, the maximum level of production is Q=180. Suppose that the demand curve facing this monopolist is

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A,B,C refer to the following questionA monopolist is producing iron ore. The quantity Q is measured in tonnes of iron ore per day and can take only non-negative values. Given the current technology, the maximum level of production is Q=180. Suppose that the demand curve facing this monopolist isQ=200-1/2×Pwhere P denotes the price of iron …

A monopolist is producing iron ore. The quantity Q is measured in tonnes of iron ore per day and can take only non-negative values. Given the current technology, the maximum level of production is Q=180. Suppose that the demand curve facing this monopolist is Read More »

No company is too big to fall or shrink (Fail or not grow) dramatically.’ Analyse this statement in reference to the present day global context.

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No company is too big to fall or shrink (Fail or not grow) dramatically.’ Analyse this statement in reference to the present day global context. EXPERT ANSWER Introduction“Too large to fail” refers to a company or industry that is so firmly established in a financial sector or economic that its demise would be catastrophic. BodyAlthough …

No company is too big to fall or shrink (Fail or not grow) dramatically.’ Analyse this statement in reference to the present day global context. Read More »

Where would you rather shop—Walmart/Sam’s Club or Costco? If you answered `Walmart` based on the price of its products, would you be willing to pay a higher price if you knew that the extra money would go directly to the firm’s employees? If you answered `Costco, ` is it OK that the firm pays its employees above-market wages and passes those costs on to you, the customer, in terms of higher prices?

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Where would you rather shop—Walmart/Sam’s Club or Costco? If you answered `Walmart` based on the price of its products, would you be willing to pay a higher price if you knew that the extra money would go directly to the firm’s employees? If you answered `Costco, ` is it OK that the firm pays its …

Where would you rather shop—Walmart/Sam’s Club or Costco? If you answered `Walmart` based on the price of its products, would you be willing to pay a higher price if you knew that the extra money would go directly to the firm’s employees? If you answered `Costco, ` is it OK that the firm pays its employees above-market wages and passes those costs on to you, the customer, in terms of higher prices? Read More »

Montvalley Short-Haul Lines, Inc. (MSL), is a small independently-owned narrow-gauge railway in Montana. It supplies contract transportation services to many mining firms, hauling ore and mining equipment. One of its principal customers, Cranford Consolidated Products (CCP), is actively improving quality by using the Malcolm Baldrige Criteria. In an effort to improve supplier quality, Cranford mandated, last year, that all suppliers provide factual evidence of quality improvement efforts that lead to highly capable processes.

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Montvalley Short-Haul Lines, Inc. (MSL), is a small independently-owned narrow-gauge railway in Montana. It supplies contract transportation services to many mining firms, hauling ore and mining equipment. One of its principal customers, Cranford Consolidated Products (CCP), is actively improving quality by using the Malcolm Baldrige Criteria. In an effort to improve supplier quality, Cranford mandated, …

Montvalley Short-Haul Lines, Inc. (MSL), is a small independently-owned narrow-gauge railway in Montana. It supplies contract transportation services to many mining firms, hauling ore and mining equipment. One of its principal customers, Cranford Consolidated Products (CCP), is actively improving quality by using the Malcolm Baldrige Criteria. In an effort to improve supplier quality, Cranford mandated, last year, that all suppliers provide factual evidence of quality improvement efforts that lead to highly capable processes. Read More »

In choosing to implement a sustainability strategy in an organisation, following Immanuel Kant’s duty-based principles is more effective than a utilitarianism approach. Do you agree or disagree? Justify your answer with a brief definition of duty based ethics (deontological) and utilitarianism and an example

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In choosing to implement a sustainability strategy in an organisation, following Immanuel Kant’s duty-based principles is more effective than a utilitarianism approach. Do you agree or disagree? Justify your answer with a brief definition of duty based ethics (deontological) and utilitarianism and an example EXPERT ANSWER I agree with the statement that following Immanuel Kant’s …

In choosing to implement a sustainability strategy in an organisation, following Immanuel Kant’s duty-based principles is more effective than a utilitarianism approach. Do you agree or disagree? Justify your answer with a brief definition of duty based ethics (deontological) and utilitarianism and an example Read More »

Consider a call option selling for $7 in which the exercise price is $100 and the price of the underlying is $98.

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Consider a call option selling for $7 in which the exercise price is $100 and the price of the underlying is $98. a) Determine the value at expiration and the profit for a buyer under the following outcomes: i). The price of the underlying at expiration is $102. ii). The price of the underlying at …

Consider a call option selling for $7 in which the exercise price is $100 and the price of the underlying is $98. Read More »

1. Patterson Electronics supplies microcomputer circuitry to a company that incorporates microprocessors into refrigerators and other home appliances. One of the components has an annual demand of 250 units, and this is constant throughout the year. Carrying cost is estimated to be $1 per unit per year, and the ordering cost is $20 per order. a. To minimize cost, how many units should be ordered each time an order is placed? b. How many orders per year are needed with the optimal policy? c. What is the average inventory if costs are minimized? d. Suppose the ordering cost is not $20, and Patterson has been ordering 150 units each time an order is placed. For this order policy to be optimal, what would the ordering cost have to be?

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1. Patterson Electronics supplies microcomputer circuitry to a company that incorporates microprocessors into refrigerators and other home appliances. One of the components has an annual demand of 250 units, and this is constant throughout the year. Carrying cost is estimated to be $1 per unit per year, and the ordering cost is $20 per order. …

1. Patterson Electronics supplies microcomputer circuitry to a company that incorporates microprocessors into refrigerators and other home appliances. One of the components has an annual demand of 250 units, and this is constant throughout the year. Carrying cost is estimated to be $1 per unit per year, and the ordering cost is $20 per order. a. To minimize cost, how many units should be ordered each time an order is placed? b. How many orders per year are needed with the optimal policy? c. What is the average inventory if costs are minimized? d. Suppose the ordering cost is not $20, and Patterson has been ordering 150 units each time an order is placed. For this order policy to be optimal, what would the ordering cost have to be? Read More »

4 process strategies – process focus, repetitive, mass customization, and product focus. Some of these process strategies are applicable to certain or particular industries for example mass customization would be more like computers and for example the Dell company will help mainmast customize their computers to where they function more of a simple tool order that for they don’t carry as much inventory as other industries may do to meet customers needs. Briefly describe each strategy and give an example of each strategy.

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4 process strategies – process focus, repetitive, mass customization, and product focus. Some of these process strategies are applicable to certain or particular industries for example mass customization would be more like computers and for example the Dell company will help mainmast customize their computers to where they function more of a simple tool order …

4 process strategies – process focus, repetitive, mass customization, and product focus. Some of these process strategies are applicable to certain or particular industries for example mass customization would be more like computers and for example the Dell company will help mainmast customize their computers to where they function more of a simple tool order that for they don’t carry as much inventory as other industries may do to meet customers needs. Briefly describe each strategy and give an example of each strategy. Read More »