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Concept explainers
Applying the Concepts–Basic
1.15 Performance-based logistics. In industry, performance-based logistics (PBL) strategies are increasingly popular ways to reduce cost, increase revenue, and attain customer satisfaction. The Journal of Business Logistics (Vol. 36, 2015) used the opinions of a sample of 17 upper-level employees of the U.S. Department of Defense and its suppliers to determine the factors that lead to successful PBL projects. The current position (e.g., vice president, manager [mgr.]), type of organization (commercial or government), and years of experience were measured for each employee interviewed. These data are listed below. Identify each variable measured as producing quantitative or qualitative data.
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Chapter 1 Solutions
EBK STATISTICS FOR BUSINESS AND ECONOMI
- Business group Business Unity South Africa (BUSA) has written to Transport minister Fikile Mbalula requesting he makes changes to South Africa’s regulations around the transportation of logistics containers. According to BUSA, Regulation 224 (b) of the National Road Traffic Act currently prohibits the transportation of high cube containers on South African roads. “High cube containers constitute the overwhelming majority of containers currently manufactured and transported internationally – including in neighbouring states,” it said. “However, the combined height of a vehicle transporting a high cube container is currently 4.6 metres – 300mm above the legal limit.” Despite several years of industry engaging the Department of Transport on the matter, as well as moratoriums being issued, no progress has yet been forthcoming on fundamentally resolving the issue, the group said. “This regulatory anomaly puts South Africa’s trade and logistics regime out of step with international and…arrow_forwardBusiness group Business Unity South Africa (BUSA) has written to Transport minister Fikile Mbalula requesting he makes changes to South Africa’s regulations around the transportation of logistics containers. According to BUSA, Regulation 224 (b) of the National Road Traffic Act currently prohibits the transportation of high cube containers on South African roads. “High cube containers constitute the overwhelming majority of containers currently manufactured and transported internationally – including in neighbouring states,” it said. “However, the combined height of a vehicle transporting a high cube container is currently 4.6 metres – 300mm above the legal limit.” Despite several years of industry engaging the Department of Transport on the matter, as well as moratoriums being issued, no progress has yet been forthcoming on fundamentally resolving the issue, the group said. “This regulatory anomaly puts South Africa’s trade and logistics regime out of step with international and…arrow_forwardCase Studies Economic Development Planner You have just been hired as an economic development planner working for a businesswoman who builds large shopping stores and malls in cities. The company wants to build a regional shopping center in a nearby city that is surrounded by a large rural population. To help them conduct a feasibility study, please address the following questions. 1. What type of population-related decisions should be made to determine the best location for the shopping center? For example, is there a demand for new retail stores? 2. What type of population and related information would you need to collect to help determine the best location for the center? 3. What types of analysis would you perform with the information?arrow_forward
- Pretend that you are working for Del Monte in the area of canned vegetables and that Del Monte has a system that uses data analytics. One of your major competitors is Green Giant vegetables. You are particularly interested in analyzing canned green beans. A portion of Del Monte’s data analytic system contains the following variables: Sales of various can sizes; prices of various sized cans; types of stores where green beans are sold; shelf locations of green beans in various types of stores; various promotions pertaining to green beans. Also assume that this analytic system also has this information for Green Giant beans. Explain for what types of decisions could this system be used concerning Del Monte’s Green Beans. Also address the possibility of competitive analyses pertaining to Green Giant Beans.arrow_forwardQuestion 2 Amazon could launch a smartphone this year that costs “a fraction” of what Apple charges for its iPhone, a new report says. Amir Efrati at The Information spills details from an allegedly leaked internal Amazon document. The paperwork is said to have been produced by a potential partner and two people who were involved in discussions with Amazon. According to Efrati, the document discussed strategies for penetrating smartphone markets in China, Europe and the United States. Earlier discussions also mentioned Latin America as a possibility. The phone, which has been referred to as “Project Aria,” is likely to go on sale this year, according to Efrati. There’s no specific price, but he says Amazon is “determined” to “keep the phone at a small fraction of the iPhone’s $550-and-up price tag.” If Amazon does launch a smartphone this year, it’s unclear if it will fall under the company’s own brand or if it will work with a partner. Efrati says Amazon was “in talks” with “multiple…arrow_forwardSonia is planning to start a new designer cloth shop. Her problem is to decide how large her shop should be.The annual returns will depend on both the size of her shop and a number of marketing factors related to thecurrent market conditions and demand for designer wear. After a careful analysis, Sonia came up with thefollowing tableSize of Shop Good Market (R.O.) Fair Market (R.O.) Poor market (R.O.)Small Scale 1024 9765 −500Medium Scale 1500 3000 −2000Large Scale 2000 3000 −4000Very Large Scale 3000 5000 −7000a) What will be her decision based on Pessimist criteria? b) What will be her decision based on Optimistic criteria? c) What will be her decision based Laplace criteria?arrow_forward
- W7 Q5 A paper published in the Harvard Business Review points out a new way to calculate economic profit that could be more appropriate for service firms and other people-intensive companies. Instead of focusing on investment and return on investment, the focus is on employee productivity, in terms of both generating revenues and reducing costs. The approach is to first determine economic profit in the conventional way, except that we ignore taxes, so that economic profit is before tax, as follows: Economic profit = Operating profit − Capital charge Assume the following information for a hotel chain that wishes to adopt the new method. The firm has $100 million in operating profit, has $1 billion in investment, and uses a cost of capital rate of 5%, so the capital charge is $50 million and the economic profit is $50 million. Relevant calculations are contained in Part 1 of the following schedule: Part 1: Economic Profit (in thousands, except cost of capital rate) Revenue…arrow_forwardRail Tours, Inc., sells packaged tours on rail lines, including gourmet meals and a reserved bed. The most popular tours are in the autumn, when foliage colors are at their peak. The overnight package for Saturday and Sunday morning are especially heavily booked. A market survey firm has just completed a study in which they conclude that if the package cost is $200 per couple, then Rail Tours can expect to sell 400 spaces on a typical Saturday. If the price is raised to $225, then unit sales will drop to 390. If the price is raised further to $250, unit sales drop to 380. a) From the data given, write down the demand equation and determine its intercepts. Are there any precautions needed when operating at the extreme ends of the demand curve?b) The survey firm also reports that if per capita income changes, Rail Tours can expect a large change in bookings. In particular, if per capita income falls by 1%, then bookings will tend to fall by about 2%. Are tour packages a normal good?…arrow_forwardJohn Deere, an American agricultural machinery company based in Illinois, has hired you as a business strategy consultant. Until 2010, John Deere was considered the leader in farming machinery in the US. Over the last ten years, their domestic sales have dropped due to lower-cost and lower-quality foreign competition. At the same time, manufacturing costs have increased substantially. Consider the following questions: In the US, 85% of farms are small, family-run businesses, while the remaining 15% are large agri- businesses. Domestic sales for John Deere are down by 40% over the last five years. Much of this loss is due to two factors. First, US trade tariffs against foreign countries, particularly China and the EU, resulted in retaliation in farming sector, meaning that US crop exports are down by 65%. Second, foreign-competitor pricing for similar machinery is 30% lower than John Deere pricing. Discuss your strategy recommendations for recapturing John Deere’s domestic sales over…arrow_forward
- CASE STUDY: #2 In August 2000, a young woman from Gozo, an island south of Italy, discovered that she was carrying conjoined twins. Knowing that health-care facilities on Gozo were inadequate to deal with the complications of such a birth, she and her husband went to St. Mary’s Hospital in Manchester, England, to have the babies delivered. The infants, known as Mary and Jodie, were joined at the lower abdomen. Their spines were fused, and they had one heart and one pair of lungs between them. Jodie, the stronger one, was providing blood for her sister. No one knows how many sets of conjoined twins are born each year, but the number has been estimated at 200. Most die shortly after birth, but some conjoined twins do well. They grow to adulthood and marry and have children themselves. But the outlook for Mary and Jodie was grim. The doctors said that without intervention the girls would die within six months. The only hope was an operation to separate them. This would save Jodie, but…arrow_forwardSue is a customer account representative for ABC Company. She recently acquired several new accounts when a previous representative, Dan, took an early retirement. Sue reviewed each of Dan’s accounts to help familiarize herself with his clients and understand how she can better serve each one’s individual needs. As she was reviewing the client list, she found a major customer she had never heard of before. Surprised that she had not yet done business with the company, she called it to introduce herself as the new representative. When Sue placed the call, she found that the reported number had been disconnected. Thinking that the customer may have done business with ABC in the past and have moved on, she reviewed the account transactions and found that the most recent transaction had taken place the week prior. During her review, she also noticed the latest transaction was for an unusually large amount for ABC. As Sue pursued her curiosity, she went to other employees to find out more…arrow_forwardOrganization Development is a planned change discipline concerned with applying behavioral science knowledge and practice to help organizations achieve greater effectiveness. In this course, you will conduct an analysis of your organization with the goal of creating a plan to improve an aspect of your organization’s performance. Each unit will build on the previous complete to achieve the goal. Organization Development is a planned change discipline concerned with applying behavioral science knowledge and practice to help organizations achieve greater effectiveness. To complete the performance analysis as it will score 3 different categories: (1) capability, (2) motivation, and (3) support system. That is done by assigning a number (1-10) for each factor and then multiplying them. One (1) is the lowest score where work is needed to improve and Ten (10) is the highest number where you have excelled. Capability Score. Assign a number between 1 and 10. Explain and elaborate on how…arrow_forward
- Principles of Economics (12th Edition)EconomicsISBN:9780134078779Author:Karl E. Case, Ray C. Fair, Sharon E. OsterPublisher:PEARSONEngineering Economy (17th Edition)EconomicsISBN:9780134870069Author:William G. Sullivan, Elin M. Wicks, C. Patrick KoellingPublisher:PEARSON
- Principles of Economics (MindTap Course List)EconomicsISBN:9781305585126Author:N. Gregory MankiwPublisher:Cengage LearningManagerial Economics: A Problem Solving ApproachEconomicsISBN:9781337106665Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike ShorPublisher:Cengage LearningManagerial Economics & Business Strategy (Mcgraw-...EconomicsISBN:9781259290619Author:Michael Baye, Jeff PrincePublisher:McGraw-Hill Education
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