You are a student and recently moved off campus. Although vou originally planned to ride vour bike or take the bus to school, both are proving to be more inconvenient than expected. You now invest 45 minutes each way commuting to campus- this is downtime you cannot afford. A car is definitely a necessity and would cut your roundtrip commute to 20 minutes. You've been vehicle shopping for several weeks and, with vour current budget constraints, vou have determined that the best car for your needs is a Coupe manufactured by the General Autos Corporation. The vehicle 15 generally reliable, has great fuel economy, and is sporty and fun. You've done vour homework on this model and have collected information from a number of sources. Your Finances As with any purchase you d like to get the most for your money this is especially true given the high costs of tuition rent books etc. make vour current financial picture look bleak vou only have about $750 that you can safely allocate from your checking account vou were able to liquidate a couple of investments netting vou an additional $2500 borrowing money from triends familv members or a lending institution is not DOsSib Your financial picture therefore looks like this: Checking account balance $1,800 (rent another checks still to clear) - $1,050 $2,500 Total $3,250 Of course, vou would be much better oft not spending vour entire cash reserves. Any money vou save can be spent on other necessities The Car While riding your bike yesterday, you happened upon what could be the ideal car for you. A beautitul blue coupe without any dents or rust, was parked along your route to school. The ad in the window said: FOR SALE: 2010 GAC Coupe, 68 K miles, auto, A/C, radio, sunroof, no accidents, runs great, original owner, $3795 or better offer. You looked the car over and were convinced that it could be a perfect fit. Indeed, this vehicle seemed to be in much better condition than other Coubes vou ve seen. The onlv apparent problem was that the tires looked worn and would soon be in need of replacement. Otherwise, vour big concern is the list price. Although the cost seems beyond vour range, vou know that buvers routinelv inflate prices in order to leave room to baroain. You immediatelv texted the seller. The Ivegotiation After a tew briet exchanges with the seller, vou arranged to meet this afternoon so that vou could better examine and discuss the vehicle. You are prepared to electronically transfer funds from vour account should vou aoree to make the purchase. If vou can't reach a deal here, however, you'll have to keep looking. You're tired of car shopping parentheses and commuting on vour bike parentheses and are eager to reach a deal. Dut you re also on a tight budget, and you a like to keep as much of your hard earned money as vou can. Good luck! Before negotiating, spend a few minutes to figure out the following Reservation: What was the MOST you are willing to pay for the car: Target: how much do vou hope to buy the car for: Opening: What will be your opening offer? BATNA: What is vour BATNA?

You are a student and recently moved off campus. Although vou originally planned to ride vour bike or take the bus to school, both are proving to be more inconvenient than expected. You now invest 45 minutes each way commuting to campus- this is downtime you cannot afford. A car is definitely a necessity and would cut your roundtrip commute to 20 minutes. You've been vehicle shopping for several weeks and, with vour current budget constraints, vou have determined that the best car for your needs is a Coupe manufactured by the General Autos Corporation. The vehicle 15 generally reliable, has great fuel economy, and is sporty and fun. You've done vour homework on this model and have collected information from a number of sources. Your Finances As with any purchase you d like to get the most for your money this is especially true given the high costs of tuition rent books etc. make vour current financial picture look bleak vou only have about $750 that you can safely allocate from your checking account vou were able to liquidate a couple of investments netting vou an additional $2500 borrowing money from triends familv members or a lending institution is not DOsSib Your financial picture therefore looks like this: Checking account balance $1,800 (rent another checks still to clear) - $1,050 $2,500 Total $3,250 Of course, vou would be much better oft not spending vour entire cash reserves. Any money vou save can be spent on other necessities The Car While riding your bike yesterday, you happened upon what could be the ideal car for you. A beautitul blue coupe without any dents or rust, was parked along your route to school. The ad in the window said: FOR SALE: 2010 GAC Coupe, 68 K miles, auto, A/C, radio, sunroof, no accidents, runs great, original owner, $3795 or better offer. You looked the car over and were convinced that it could be a perfect fit. Indeed, this vehicle seemed to be in much better condition than other Coubes vou ve seen. The onlv apparent problem was that the tires looked worn and would soon be in need of replacement. Otherwise, vour big concern is the list price. Although the cost seems beyond vour range, vou know that buvers routinelv inflate prices in order to leave room to baroain. You immediatelv texted the seller. The Ivegotiation After a tew briet exchanges with the seller, vou arranged to meet this afternoon so that vou could better examine and discuss the vehicle. You are prepared to electronically transfer funds from vour account should vou aoree to make the purchase. If vou can't reach a deal here, however, you'll have to keep looking. You're tired of car shopping parentheses and commuting on vour bike parentheses and are eager to reach a deal. Dut you re also on a tight budget, and you a like to keep as much of your hard earned money as vou can. Good luck! Before negotiating, spend a few minutes to figure out the following Reservation: What was the MOST you are willing to pay for the car: Target: how much do vou hope to buy the car for: Opening: What will be your opening offer? BATNA: What is vour BATNA?

Name: You are a student and recently moved off campus. Although vou original
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Description: You are a student and recently moved off campus. Although vou originally planned to ride vour bike or take the bus to school, both are proving to be more inconvenient than expected. You now invest 45 minutes each way commuting to campus- this is down

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter12: Queueing Models

Section: Chapter Questions

Problem 59P

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