Jullan is starting a small business out of her home. When she accesses a business “how-to” web site, Jullan finds software downloads and printable worksheets that will help her plan and manage her business's income and expenses. The software and worksheets are types of
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Jullan is starting a small business out of her home. When she accesses a business “how-to” web site, Jullan finds software downloads and printable worksheets that will help her plan and manage her business's income and expenses. The software and worksheets are types of
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- What is the chicken game? Write down its definition with a case and explain how to solve the chicken game.Jayden, Andrew, and Mateo have been close friends since they met freshman year in college. They all graduated last year— Jayden with a degree in Computer Science, Andrew with a degree in Graphic Design, and Mateo with a degree in Business Administration. All three are computer whizzes and have worked part-time through high school and college fixing computer problems. Each has approximately $50,000 in savings for this business venture. They have been talking about starting a computer company (JAM Computer Solutions) in their local town to help businesses and individuals with computer problems or those who need help developing and designing web sites. In doing research, Jayden found that there are only two other computer companies in their town of 100,000 people, and neither one will do both web design and computer hardware/software troubleshooting. For the scenario above, answer the following questions: Which business structure should they adopt for their new business? Explain your…Akanksha Singh, a BBA graduate from Banasthali Vidyapith and Masters in SocialEntrepreneurship from Tata Institute of Social Sciences, Mumbai is founder of SwayambhuInnovative Solutions Pvt. Ltd. It is a for-profit organization that aims to generate bio-energyby linking a community to a local biogas plant which would make use of domestic/kitchenwaste, animal dung, and human excreta together on a mass scale to produce biogas, organicmanure and electricity.(a) Do you consider Akanksha’s venture a social enterprise? Justify your answer withlogical arguments.(b) Anticipate two challenges Akanksha’s venture might face in the future and discuss twopossible ways to overcome those challenges.
- Natalie Koebel spent much of her childhood learning the art of cookie-making from her grandmother. They passed many happy hours mastering every type of cookie imaginable and later creating new recipes that were both healthy and delicious. Now at the start of her second year in college, Natalie is investigating various possibilities for starting her own business as part of the requirements of the entrepreneurship program in which she is enrolled. A long-time friend insists that Natalie has to somehow include cookies in her business plan. After a series of brainstorming sessions, Natalie settles on the idea of operating a cookie-making school. She will start on a part-time basis and offer her services in people’s homes. Now that she has started thinking about it, the possibilities seem endless. During the fall, she will concentrate on holiday cookies. She will offer individual lessons and group sessions (which will probably be more entertainment than education for the participants).…An infrastructure firm that has the strategic objective of “maximizing the return on its investments” may put together a portfolio that includes a mix of projects in oil and gas, power, water, roads, rail, and airports. From this mix, the firm may choose to manage related projects as programs. All of the power projects may be grouped together as a power program. Similarly, all of the water projects may be grouped together as water program. Thus the power program and water program become integral components of the enterprise portfolio of the infrastructure firm. By analyzing the above scenario and keeping in view the organizational leadership effect on project management activities, how the Project Manager can utilize his planning responsibilities which can help in managing and controlling project risks?Ali makes his living buying and selling corn. On January 1, he has 50 tons of corn and 1000 TL. On the first day of each month Ali can buy corn at the following prices per ton. January: 300 TL, February: 350 TL, March: 400 TL, April: 500 TL. On the last day of each month Ali can sell corn at the following prices per ton: January: 250 TL, February: 400 TL, March: 350 TL, April: 550 TL. Ali stores his corn in a warehouse that can hold at most 1100 tons of corn. He must be able to pay cash for all corn at the time of purchase.a) Use linear programming to model how Ali can maximize his cash on hand at the end of April.
- Amy plans to start at least two different business activities after she graduates from college: − One business involves using various forms of social media to promote her skills and experience as a volleyball player to help younger players develop their skills She plans to generate income from advertising on her social media sites − She will also use her artistic and marketing talents to find work using several web platforms, like Upwork and Freelancer Although still in college, she has signed a “name, image, and likeness (N I L)” contract with several volleyball-related businesses. Amy also plays for U.S.A. Volleyball and was a member of the 2021 U.S.A. Olympic team Based on what she has read on websites and heard from friends, Amy is wondering if she should form a corporation or a limited liability company for these pursuits, or just be a sole proprietor. Also she is also curious whether, for tax and legal purposes, she has one business or two? Question: After reading this…Prepare and run the LP to solve this problemBoris Milkem’s financial firm owns six assets. Theexpected sales price (in millions of dollars) for each asset isgiven in Table 32. If asset 1 is sold in year 2, the firmreceives $20 million. To maintain a regular cash flow,Milkem must sell at least $20 million of assets during year1, at least $30 million worth during year 2, and at least $35million worth during year 3. Set up an IP that Milkem canuse to determine how to maximize total revenue from assetssold during the next three years. In implementing this model,how could the idea of a rolling planning horizon be used?
- Michael has decided to invest $40,000 in three types of funds. Fund A has projected an annual return of 8 percent, Fund B has projected an annual return of 10 percent, and Fund C has projected an annual return of 9 percent. He has decided to invest no more than 30 percent of the total amount in Fund B and no more than 40 percent of the total amount in Fund C. a. Formulate a linear programming model that can be used to determine the amount of investments Michael should allocate to each type of fund to maximize the total annual return.b. How much should be allocated to each type of fund? What is the total annual return?Mete makes his living buying and selling corn. On January 1, he has 50 tons of corn and 1000 TL. On the first day of each month Mete can buy corn at the following prices per ton. January: 300 TL, February: 350 TL, March: 400 TL, April: 500 TL. On the last day of each month Mete can sell corn at the following prices per ton: January: 250 TL, February: 400 TL, March: 350 TL, April: 550 TL. Mete stores his corn in a warehouse that can hold at most 1100 tons of corn. He must be able to pay cash for all corn at the time of purchase. How Mete can maximize his cash on hand at the end of April. Which of the following is the correct objective function for the given statement? Please use (Xi = Tons of corn purchased at the beginning of month i.; Yi = Tons of corn sold at the end of month i.)Consider a capital budgeting problem with seven projects represented by binary (0 or 1) variables X1, X2, X3, X4, X5, X6, X7. Write a constraint modeling the situation in which only 2 of the projects from 1, 2, 3, and 4 must be selected. Write a constraint modeling the situation in which at least 2 of the project from 1, 3, 4, and 7 must be selected. Write a constraint modeling the situation project 3 or 6 must be selected, but not both. Write a constraint modeling the situation in which at most 4 projects from the 7 can be selected.