The following scenario is based on an actual situation in which newly laid-off employees and their union leaders attempted to save their jobs in the supermarket industry in Big City, USA. They planned to pool their resources (e.g., personal savings and 401k retirement plan money) and apply for a large bank loan to purchase the bankrupt supermarket where they had worked and manage it themselves. At the time, a team of academics from a nearby university came together to conduct research on job-saving strategies in areas that were experiencing population loss and economic decline, and they decided to focus on this particular experiment in “grassroots capitalism.” Using Word, respond to the following prompts: Identify the disciplinary perspectives that would enable the academic team to develop the most comprehensive understanding of the situation facing the laid-off employees.

The following scenario is based on an actual situation in which newly laid-off employees and their union leaders attempted to save their jobs in the supermarket industry in Big City, USA. They planned to pool their resources (e.g., personal savings and 401k retirement plan money) and apply for a large bank loan to purchase the bankrupt supermarket where they had worked and manage it themselves. At the time, a team of academics from a nearby university came together to conduct research on job-saving strategies in areas that were experiencing population loss and economic decline, and they decided to focus on this particular experiment in “grassroots capitalism.” Using Word, respond to the following prompts: Identify the disciplinary perspectives that would enable the academic team to develop the most comprehensive understanding of the situation facing the laid-off employees.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter11: Simulation Models

Section: Chapter Questions

Problem 69P: The Tinkan Company produces one-pound cans for the Canadian salmon industry. Each year the salmon...

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The Tinkan Company produces one-pound cans for the Canadian salmon industry. Each year the salmon spawn during a 24-hour period and must be canned immediately. Tinkan has the following agreement with the salmon industry. The company can deliver as many cans as it chooses. Then the salmon are caught. For each can by which Tinkan falls short of the salmon industrys needs, the company pays the industry a 2 penalty. Cans cost Tinkan 1 to produce and are sold by Tinkan for 2 per can. If any cans are left over, they are returned to Tinkan and the company reimburses the industry 2 for each extra can. These extra cans are put in storage for next year. Each year a can is held in storage, a carrying cost equal to 20% of the cans production cost is incurred. It is well known that the number of salmon harvested during a year is strongly related to the number of salmon harvested the previous year. In fact, using past data, Tinkan estimates that the harvest size in year t, Ht (measured in the number of cans required), is related to the harvest size in the previous year, Ht1, by the equation Ht = Ht1et where et is normally distributed with mean 1.02 and standard deviation 0.10. Tinkan plans to use the following production strategy. For some value of x, it produces enough cans at the beginning of year t to bring its inventory up to x+Ht, where Ht is the predicted harvest size in year t. Then it delivers these cans to the salmon industry. For example, if it uses x = 100,000, the predicted harvest size is 500,000 cans, and 80,000 cans are already in inventory, then Tinkan produces and delivers 520,000 cans. Given that the harvest size for the previous year was 550,000 cans, use simulation to help Tinkan develop a production strategy that maximizes its expected profit over the next 20 years. Assume that the company begins year 1 with an initial inventory of 300,000 cans.
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Which answer is FALSE and explanation A populer fast food restaurant has one cashler who takes an average of 1.5 minutes to serve a customer.suppose demand at the restaurant is forecast to be 35 Customers per hour from 11am to 1 prn and 50 customers per hour from 6 pm to 8 pm.which of the following statements are false? (a) The flowrate of the restaurant is 35 customers per hour during the 11am to 1pm period and 40 customers per hour during the 6pm to 8pm period (b) The flowrate of the restaurant is 35 customers per hour during the 11am to 1pm period and 50 customers per hour during the 6pm to 8pm period (c) The capacity of the restaurant is 40 customers per hour during both time intervals - 11am to 1pm and 6pm to 8pm (d) the utilization of the cashier is 87.5% during the 11am to 1pm period and 100% during the 6pm to 8 pm period
There are approximately 15,000 households in the Tondo, Manila.Over the 6-month lockdown, a number of households purchased one (1) unit of air conditioner. The breakdown of the brands purchased is as follows: 1. Super Lamig - 4,688 households2. Frozen to Death - 1,456 households3. Feeling Airy - 2,355 households4. Typhoon - 3,899 households Based on the above data, what is the market penetration of air conditioning units in Tondo, Manila during the 6-month lockdown period?
: You are employed by Univeristy of Gujrat , a university that provides a range of training and education, including Computing, and Information & Communication Technology (ITC). The Head of Department of ITC, Mr Rumi, has discovered that on more than one occasion recently a computer virus has been introduced to the computers in the department. He thinks that the viruses have been introduced from computer disks brought in by students. He has decided to introduce a system where all disks used in the department must be checked for a virus before they can be put into the computers. He says to you, I would like you to send a memo in my name to all teachers who use the computer rooms. You will have to tell them that all disks brought in by students must be checked before there are used. The teachers have to check them carefully, of course. We have got to stop these viruses being introduced before they cause serious problems. Oh yes, reminds them to lock up the rooms when they leave.…