“It is the rule in war, if our forces are ten to the enemy’s one, to surround him; if five to one, to attack him; if twice as numerous, to divide our army into two. If equally matched, we can offer battle; if slightly inferior in numbers, we can avoid the enemy; if quite unequal in every way, we can flee from him.” Discuss and evaluate the influence of the above Sun Tzu’s principle on the adopted competitive strategy of Huawei to compete against established Western telcos in expanding their market locally and globally.

“It is the rule in war, if our forces are ten to the enemy’s one, to surround him; if five to one, to attack him; if twice as numerous, to divide our army into two. If equally matched, we can offer battle; if slightly inferior in numbers, we can avoid the enemy; if quite unequal in every way, we can flee from him.” Discuss and evaluate the influence of the above Sun Tzu’s principle on the adopted competitive strategy of Huawei to compete against established Western telcos in expanding their market locally and globally.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter11: Simulation Models

Section11.5: Simulating Games Of Chance

Problem 41P: Consider the following card game. The player and dealer each receive a card from a 52-card deck. At...

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Consider the following card game. The player and dealer each receive a card from a 52-card deck. At the end of the game the player with the highest card wins; a tie goes to the dealer. (You can assume that Aces count 1, Jacks 11, Queens 12, and Kings 13.) After the player receives his card, he keeps the card if it is 7 or higher. If the player does not keep the card, the player and dealer swap cards. Then the dealer keeps his current card (which might be the players original card) if it is 9 or higher. If the dealer does not keep his card, he draws another card. Use simulation with at least 1000 iterations to estimate the probability that the player wins. (Hint: See the file Sampling Without Replacement.xlsx, one of the example files, to see a clever way of simulating cards from a deck so that the Same card is never dealt more than once.)
Halmar the Great has boasted to his hordes of followers that many a notorious villain has fallen to his awesome sword: His total of 500 victims consists of evil sorcerers, trolls, and orcs. These he has slain with a total of 600 mighty thrusts of his sword; evil sorcerers and trolls each requiring two thrusts (to the chest) and orcs each requiring one thrust (to the neck). When asked about the number of trolls he has slain, he replies, "I, the mighty Halmar, despise trolls four times as much as I despise evil sorcerers. Accordingly, four times as many trolls as evil sorcerers have fallen to my sword!" How many of each type of villain has he slain? sorcererstrollsorcs
Suppose that two firms, an incumbent and a potential entrant, compete in a market. If they both operate, the resulting profits for the incumbent and the potential entrant are $30 million and $5 million, respectively. If the potential entrant decides not to enter the market, the resulting profits for the incumbent and potential entrant are $100 million and $0, respectively. Assume that it is not an option for the incumbent to exit the market. 1) Which of the two possible outcomes (for the potential entrant to enter or not enter) are Pareto efficient? 2) Now suppose there are side payments available. Which of the two possible outcomes is Pareto efficient? 3) Is it possible that the incumbent will agree to pay for the introduction of side payments? 4) Now suppose that side payments are allowed, but it costs $80 million in legal fees to actually use them. Which of the two possible outcomes (for the potential entrant to enter or not enter) are Pareto efficient allocations? (For simplicity,…
We are going to see the movie Fatal Repulsion. Thereare three parking lots we may park in. One is one block eastof the theater (call this lot 1); one lot is directly behindthe theater (lot 0); and one lot is one block west of thetheater (lot 1). We are approaching the theater from the east.There is an 80% chance that lot 1 will have a vacantspace, a 60% chance that lot 0 will, and an 80% chance thatlot 1 will. Once we pass a lot, we can’t go back to it. Assumethat when we are at a given parking lot, we can determinewhether it has any vacant spaces, but we can’t see any ofthe other lots. Our dates for the evening will assess us apenalty equal to the distance (in blocks) that we park fromthe theater. If we find no space, they will assess a penaltyof 10 (and never go out with us again). What strategyminimizes our expected penalty? Answer the same questionif there is a 70% chance that lot 0 has a vacant space.
Private Insurance provides coverages that can be used to meet specific loss situations. For each of the following insurance situation, identify a private insurance coverage that would provide the desired protection and explain your recommendation; A. John, 32, single parent with 1 dependent child. He recently purchased a house worth PhP 5 million, where half of this amount is mortgaged loan (PagIBIG). He wants to be certain that he would be able to pay his loan in case of disability. B. Rey, 36, married with 3 dependents. His wife is a disabled person and is unable to work. As the sole breadwinner, he wants to be sure that his family would have funds in case of his premature death. C. Marian, 44, owns a trading shop. The premises are rented. The total amount value of goods in her shop amounts to PhP 7 million. She has no savings. She wants to be certain she will be able to run her business if her shop catches fire and other loss. D. Dominic, 15, a talented motor racer. However, his…
read the following scenario and answer the question in 5–10 sentences.Mike Derrick and Juan Nunez currently run a small general contractor business that performs miscellaneous services, such as shoveling snow and fixing broken signs, for strip malls. Mike is a nonresident alien of Canada, so the pair has always been concerned about officially forming a company. Juan's sister, Rebecca, has deep pockets and sees the potential in Juan and Mike's operation. She approached Juan and Mike about investing in the company. Rebecca has great connections with major retailers and tells the two that she can ensure they receive large contracts if they incorporate. Additionally, she will team up with them to provide a large amount of startup capital in return for guaranteed returns on her investment. Mike does some research on the internet and determines that forming an S corporation is all the rage. Juan comes to you for help. How do you advise Juan?
Nicole, an athletic trainer, believes if she has evidence that her program of exercise works, she can recruit more clients. She is planning to conduct a study to determine if working out for one hour per day with her fitness program causes a person to lose weight. She will track the participants’ progress over a twelve-week period. Nicole mandates that her clients at the gym participate in her study, and she asks them to each find one friend who is not a member of the gym to also participate. Each of the participants weighs in at the start and again after the twelve-week period has ended. At the conclusion of the study, she will compare the results of both groups. Unfortunately, because she has not had any formal training in research methodology, she is not certain how to label the different components in her study or identify any potential flaws. Help Nicole with the following components of this study. Identify the following issues with the study described. Ethical Concerns…
Nicole, an athletic trainer, believes if she has evidence that her program of exercise works, she can recruit more clients. She is planning to conduct a study to determine if working out for one hour per day with her fitness program causes a person to lose weight. She will track the participants’ progress over a twelve-week period. Nicole mandates that her clients at the gym participate in her study, and she asks them to each find one friend who is not a member of the gym to also participate. Each of the participants weighs in at the start and again after the twelve-week period has ended. At the conclusion of the study, she will compare the results of both groups. Unfortunately, because she has not had any formal training in research methodology, she is not certain how to label the different components in her study or identify any potential flaws. Help Nicole with the following components of this study Identify the following factors. Independent Variable Operational Definition of…
I need a detailed explanation and assistance to solve this proble: A client asks his stockbroker to invest $100,000 for maximum annual income, subject to the three conditions: Spread the investment over no more than three different stocks. Put no more than 40 percent of the money into any one stock Put a minimum of $10,000 into an oil stock. The broker has identified three stocks for investment. Their estimated annual returns per share and price per share are shown in the following table: Stock Price per Share Estimate Annual Return per Share Oil $120 $11 Auto $52 $4 Pharmaceutical $18 $2 The client wishes to use LP to determine the optimal number of shares to buy for each stock, so as to maximize the total estimated return. a) Write down the decision variables. b) Write down the optimization statement for the objective function. c) Write down the constraints.
Consider a cheap talk game in which Nature chooses the sender’s type andthere are three feasible types: x, y, and z, which occur with probability 1/4, 1/4,and 1/2, respectively. The sender learns her type and then chooses one of fourpossible messages: m1, m2, m3, or m4. The receiver observes the sender’smessage and chooses one of three actions: a, b, or c. The payoffs are shown in the table below. a. Suppose the sender’s strategy is as follows: (1) if the type is x, thenchoose message m1, and (2) if the type is y or z, then choose messagem2. The receiver’s strategy is the following: (1) if the message is m1,then choose action a; (2) if the message is m2, then choose action b;and (3) if the message is m3 or m4, then choose action a. For appropriatelyspecified beliefs for the receiver, show that this strategy pair is aperfect Bayes–Nash equilibrium.b. Find a separating perfect Bayes–Nash equilibrium.
Consider a firm run by an “incumbent” manager. Suppose the incumbent manager has the opportunity to invest in one of two different projects, Project 1 or Project 2. The incumbent manager has a higher ability in managing Project 1 rather than Project 2. Also, if theincumbent is fired by shareholders, she is replaced by an “alternative” manager whose ability to manage Project 1 is lower than the incumbent’s ability. Suppose the investment in a project is irreversible, and the shareholders’ choice of the incumbent manager salary (as well as their decision on whether to fire her) is taken afterthe investment is made. Also, assume the incumbent manager has a stake in the firm she runs, but she does not fully control it. Questions:(a) Suppose none of the projects gives the manager a direct utility. According to Shleifer and Vishny (1989), which of the two projects should the incumbent manager choose? What is the economic rationale behind this choice? Explain. (b) Suppose the incumbent…
Formulate the situation as a system of inequalities. (Let x represent the number of dinghies the company can manufacture and y represent the number of rowboats.) A boat company manufactures aluminum dinghies and rowboats. The hours of metal work and painting needed for each are shown in the table, together with the hours of skilled labor available for each task. How many of each kind of boat can the company manufacture? (hours) Dinghy Rowboat Labor Available Metal Work 2 3 108 Painting 2 2 90 (labor for metal work) (labor for painting) x ≥ 0, y ≥ 0