1. Soda accounts for 50% of Coke’s revenue. True or false?
2. Marshalls and Homegoods are under one company. True or false?
3. The Edge is a smart building in Germany. True or false?
4. General Electric quickworks approach is a special kind of results-driven change. True or false?
5. “Tricorder” scans people’s health for 3 conditions. True or false?
6. There are parts of S-Curves that overlap in technological innovation. True or false?

Develop a formula to quantify the merits of each applicant based on the factors provided. Justify why you gave heavier weight to some factors over others.

Background: Judith and Eric Sultan own a business providing HR decision-making expertise to employers across the nation. The name of their business is HRM Analysis Services. Their business is located in Phoenix and has grown exponentially since 2005. Up to this point they have not had their own employees, but instead hired established consultants (often called management analysts) to work on a project-by-project basis.

They want to hire three full-time management analysts to work in three different locations: San Francisco, Philadelphia, and Miami. The analysts would scout out work in their designated regions and manage the contracting and oversight of contractual consultants.

Judith and Eric plan to keep ownership of the company, but want to step away from the day-to-day as soon as the business is working well enough without them.

The focus of this assignment is to assist Judith and Eric with the selection of three Management Analysts by coming up with a weighted formula of important selection factors.

Alison is making a large fruit salad for a party. She has everything she needs at home, except for watermelons and grapefruit. She needs 12 watermelons, and 31 grapefruit. She goes to a nearby fruit stand, where she finds two vendors selling bags of mixed fruit. Vendor 1 is selling bags containing four watermelons, and five grapefruit, for $18 per bag. Vendor 2 is selling bags containing two watermelons and ten grapefruits for $13.50 per bag. Vendor 1 bags have a mass of 2 kg; Vendor 2 bags have a mass of 3.2 kg. Alison cannot carry more than 16 kg.

(a) Formulate a cost minimization integer model for this problem.

B) On the graph below, draw the constraints and show the (linear) feasible region. On this region show all the dots representing the feasible integer solutions. Determine the optimal values for the two variables and the OFV, and give the recommendation.

Declining Industries
The list of the fastest declining industries in the US includes: (1) hotels and motels, (2) DVD rentals, (3) book stores, (4) household appliance manufacturing. How can firms in these industries adapt to the declining industry conditions?

1. How can hotels adapt to the declining condition in their industry? What strategies can they pursue?

2. How can bookstores adapt to the declining condition in their industry? What strategies can they pursue?

3. How can DVD rental firms adapt to the declining condition in their industry? What strategies can they pursue?

4. How can manufacturers of household appliances adapt to the declining condition in their industry? What strategies can they pursue?

example of a successful business person you admire (other than Bill Gates, Warren Buffet or Steve Jobs) and why and the professional traits you feel they possess.

150 words

We can all agree that we never want to go through a bankruptcy. However, it is in all of our best interests to truly understand the bankruptcy law and process. For this assignment, I would like you to read the following case and answer the questions presented. This may require that you do some research on bankruptcy. Remember, any sources you use must be cited and I do not want you to copy answers from the internet. Think about the situation and apply your knowledge, gained from your readings, to the questions. One to two paragraphs for each question.

Jane Doe, a teacher, obtained a master’s degree at Somewhere University (names have been changed). But when Doe asked for a transcript—which was required to receive an increase in salary from her school district—the university refused because she owed more than $6,000 in tuition. Doe offered to pay the nominal transcript fee, but not the tuition. She then filed a petition in a federal bankruptcy court, listing the university as her only creditor, and while the case was pending, again asked for a transcript. The university again refused unless she paid the tuition. Doe complained to the court, which ordered the university to provide a transcript. A federal district court affirmed the order. The university appealed.

The U.S. Court of Appeals for the Seventh Circuit affirmed. Doe had a right to a copy of her transcript, and the university’s refusal to honor that right until she paid her tuition was an act to collect a debt, in violation of the automatic stay. Property interests are created and defined by the law. Nothing in the Bankruptcy Code or other federal law creates or affects property rights in grades or the right to a transcript. No state statute applies either, but under the state’s common law, property rights may arise from custom. In the state, universities have consistently provided certified transcripts at or around cost. This indicates that providing a transcript is an implied part of the “educational contract,” covered by the tuition and other fees. Because a transcript is part of the package of goods and services that a college offers in exchange for tuition, a student has a property right to a certified copy. In this case, Doe was willing to pay the cost. The university’s only reason for refusing to provide the transcript was to induce Doe to pay her unpaid tuition. But the automatic stay prohibits a creditor from acting to collect a claim against a debtor that arose before the filing of a bankruptcy petition.

1. What actions might a college take to collect unpaid tuition that would not violate the Bankruptcy Code?

2. Does the longstanding existence of a custom—in this case, the nominal amount of the fee charged by a college for a transcript—mean that it cannot change?

3. To avoid conflicts such as the one in this case, could a college charge a student a high fee for a transcript—for example, one that would equal the amount of any unpaid tuition?
   
4. Suppose that instead of offering to pay for a transcript, Doe had tried to obtain one on credit. Would the university’s refusal to provide one on that basis have led to the same result? Why or why not?
   
5. Some might say that higher education institutions should be able to use all methods possible to collect unpaid tuition, including withholding certified grade transcripts. What ethical issues would this approach raise?

Question 2: Consider the following activities and their durations and requirements for a construction project.

Part a) Draw the project network and determine the critical path in the project network using most likely activity durations. (Show the network, total flow of each activity, and critical path)

Part b) How many days activity F could be delayed its early start date without delaying the start date of other activities? (Explanations and calculations)

Part c) If company’s president wants to have a 95% chance of completing the project before July 30, when should the project began? (Explanations and calculations)

A company which produces a single product has definite orders for this product over the next four quarters as follows:

The company ended the previous year with an inventory of 300 units, and the final quarter production level was 420 units. The company wishes to end this year with an inventory of at least 280 units.

It costs $30 per unit to increase the production level from one quarter to the next, and $56 per unit to decrease it. The cost of holding inventory from one quarter to the next is $40 per unit per quarter. No shortages are permitted. The company wishes to minimize the sum of production level change costs and inventory costs over the four quarter planning horizon.

Formulate (but do not solve) a model for this situation.

Teloxy Engineering has received a one-time contract to design and build 10,000 units of a new product. During the proposal process, management felt that the new product could be designed and manufactured at a low cost. One of the ingredients necessary to build the product was a small component that could be purchased for $60 in the marketplace, including quantity dis- counts. Accordingly, management budgeted $650,000 for the purchasing and handling of 10,000 components plus scrap.

During the design stage, your engineering team informs you that the final design will require a somewhat higher-grade component that sells for $72 with quantity discounts. The new price is substantially higher than you had budgeted for. This will create a cost overrun.

You meet with your manufacturing team to see if they can manufacture the component at a cheaper price than buying it from the outside. Your manufacturing team informs you that they can produce a maximum of 10,000 units, just enough to fulfill your contract. The setup cost will be $100,000 and the raw material cost is $40 per component. Since Teloxy has never manu- factured this product before, manufacturing expects the following defects:

Percent defective 0 10 20 30 40 Probability of 10 20 30 25 15

occurrence
All defective parts must be removed and repaired at a cost of $120 per part.

1. Using expected value, is it economically better to make or buy the component?
   
2. Strategically thinking, why might management opt for other than the most economical
   choice?

Embassy Club Condominium, located on the west coast of Florida, is undertaking a summer renovation of its main building. The project is scheduled to begin May 1, and a September 1 (17-week) completion date is desired. The condominium manager identified the following renovation activities and their estimated times:

1. Which project network is correct?
   

   (i)		(ii)
   (iii)		(iv)

   
   
   
2. What are the critical activities?
   
   
   
3. What activity has the most slack time?
   
   
   
4. Will the project be completed by September 1? If your answer is zero enter “0”.
   
   
   
   Project Completion Time is  weeks.
   
   If your answer is zero enter “0”.
   
   

   Earliest

   Latest

   Earliest

   Latest

   Critical

   Activity

   Start

   Start

   Finish

   Finish

   Slack

   Activity

   A

   B

   C

   D

   E

   F

   G

   H

What are the 3 components of Expectancy Theory. Do you think this describes how people are motivated? How should you get subordinates excited when they are not motivated about work.

A group of music lovers in a large urban area incorporate a company, Mozart Holdings Ltd., in order to purchase land and build a music hall that they claim will be “a glittering jewel in the cultural crown” of the city. The corporation selects an architectural firm that will design the building, a construction company that will construct the music hall, and chooses other suppliers who will provide goods and services necessary to the planning and development of a unique structure. One of the contracts that Mozart enters into is with an artist, Paige Presley, who is commissioned to produce an artistic work for the main lobby of the music hall. Presley is to be paid the sum of $50 000 for the work, and Mozart stipulates that the work is to be in any medium, but it must be permanently affixed to the north wall of the lobby, and must be of a size no less than 10 metres by 15 metres. The artist and the corporation enter into a written contract whereby the artist agrees to create the artistic work, warrants that it is her original work, and transfers the work to Mozart Holdings Ltd., in consideration of payment of the agreed‐upon contract price. No mention is made of moral rights. Presley designs and creates an artistic work that is an abstracted representation of musicians, musical instruments and musical notes on a scale. The work is created out of a series of more than two hundred 30 cm by 30 cm ceramic tiles that are made by the artist by hand and fired in her kiln in her studio. The artist and two assistants install the work on the north wall of the lobby, in time for the official opening of the music hall. The work is titled “The Song of Ages.” Presley attends the official opening for the music hall, at which many dignitaries are present. Media representatives are present, and photographers take pictures of the lobby, the people present, and Presley’s artistic work. At a table in the lobby, Presley notices a brochure that solicits funds from donors, asking them to contribute to the operation of the music hall. Donors are promised various “gifts” for donations at different levels of giving, ranging from music CDs for donations of $50 to $100, up to the “benefactor” level. Those who make a donation at the benefactor level will have their name inscribed in one of the tiles that form the work “The Song of Ages.” Question (8): Presley is incensed and embarrassed that her art would be defaced in this fashion. She considers commencing a court action, seeking an injunction. Evaluate the situation and advise what chances of success she has and on what grounds?

Question 1: The Cost-Less Corp. supplies its four retail outlets from its three plants. The shipping cost per shipment from each plant to each retail outlet is given below.

Part a) Formulate this problem as an assignment problem and solve it to find the best strategy for assigning production plants to retail outlets. (No need to show your steps, only list all possible assignments and minimum assignment cost)

Part b) Each plant can produce up to 150 products per month. Retail outlets 1, 2, and 3 need to receive 100, 120, 150, and 100 products per month. The company makes a revenue of 110 in for the manufacture of each unit of product. (Only show the table)

Part c) Use the minimum cost rule to construct an initial BF solution and calculate its transportation cost. (Show the final solution)

1. Myrtle Air Express decided to offer direct service from Cleveland to Myrtle Beach. Management must decide between a full-price service using the company’s new fleet of jet aircraft and a discount service using smaller capacity commuter planes. It is clear that the best choice depends on the market reaction to the service Myrtle Air offers. Management developed estimates of the contribution to profit for each type of service based upon two possible levels of demand for service to Myrtle Beach: strong and weak. The following table shows the estimated quarterly profits (in thousands of dollars):

   	Demand for Service
   Service	Strong	Weak
   Full price	$1440	-$530
   Discount	$1000	$480

   1. What is the decision to be made, what is the chance event, and what is the consequence for this problem?
      
      The input in the box below will not be graded, but may be reviewed and considered by your instructor.
      
      
      
      How many decision alternatives are there?
      
      Number of decision alternatives = ___
      
      How many outcomes are there for the chance event?
      
      Number of outcomes = ___
      
   2. If nothing is known about the probabilities of the chance outcomes, what is the recommended decision using the optimistic, conservative and minimax regret approaches?
      

      Optimistic approach
      Conservative approach
      Minimax regret approach

   3. Suppose that management of Myrtle Air Express believes that the probability of strong demand is 0.7 and the probability of weak demand is 0.3. Use the expected value approach to determine an optimal decision.
      
      Optimal Decision :  (Full Price Service/ Discount Service)
   4. Suppose that the probability of strong demand is 0.8 and the probability of weak demand is 0.2. What is the optimal decision using the expected value approach?
      
      Optimal Decision :  (Full Price Service/ Discount Service)
   5. Determine the range of demand probabilities for which each of the decision alternatives has the largest expected value. If required, round your answer to four decimal places.
      
      (Full Price Service/ Discount Service) is the best choice if probability of strong demand is less than or equal to____ . For values of "p" greater than____ , the full price service is (best/worst) choice.