the merits and demerits of using internal and external agents

Given the current COVID-19 global pandemic, discus how an organization's business processes can affect how that organization deals with, and is impacted by, COVID-19.

List all five components of financial compensation plans, and briefly discuss each component’s objectives.

what is amazon management issues?

The XYZ Company plans to allocate some or all of its monthly advertising budget of $75,000 in the Mankato area. It can purchase local radio spots at $120 per spot, local TV spots at $500 per spot, and local newspaper advertising at $260 per insertion.

     The company's policy requirements specify that the company must spend at least $30,000 on TV and allow monthly newspaper expenditures up to $15,000. The company’s internal policy also requires that the company must buy at least 100 radio spots.

The payoff from each advertising medium is a function of the size of its audience. The general experience of the firm is that the values of insertions and spots in terms of "audience points" (arbitrary unit), are as given below:

        ---------------------------------------------------------------------------

         Radio                            150 audience points per spot

         TV                                180 audience points per spot

         Newspapers                   280 audience points per insertion

        ---------------------------------------------------------------------------

Let x1 = no. of Radio spots to be purchased,

        X2 = no. of TV spots to be purchased, and

        X3= no. of Newspaper insertions.

Max    150x1+ 180x2 + 280x3

s.t.

      (1)      120x1 + 500x2 + 260x3 <= 75,000     (Advertising Budget)

      (2)                      500x2                  ≥ 30000      (Expenditure on TV)

          (3)                                      260x3 <= 15000      (Expenditure on Newspaper)

          (4)                  x1                            ≥   100         (Number of radio spots)

              X1, x2, x3 >= 0

LINEAR PROGRAMMING PROBLEM

MAX 150X1+ 180X2 + 280X3

Subject to:

1. 120X1 + 500X2 + 260X3 < 75000
2. 500X2 > 30000
3. 260X3 < 15000
4. 1X1 > 100

      OPTIMAL SOLUTION

      Objective Function Value =       67050.000

                Variable                   Value                   Reduced Costs

              -------------                 ---------                --------------------

                    X1                        375.000                     0.000

                    X2                          60.000                     0.000

                    X3                            0.000                   45.000

               Constraint               Slack/Surplus            Dual Prices

             ---------------            -------------------          ---------------

                      1                             0.000                          1.250

                      2                             0.000                        - 0.89

                      3                     15000.000                          0.000

                      4                         275.000                          0.000

  OBJECTIVE COEFFICIENT RANGES

      Variable               Lower Limit          Current Value            Upper Limit

   ---------------           ------------------      -------------------      ----------------------

            X1                            129.231                   150.000           No Upper Limit

            X2                 No Lower Limit                 180.000                        625.000

            X3                 No Lower Limit                 280.000                        325.000

RIGHT HAND SIDE RANGES

       Variable               Lower Limit          Current Value            Upper Limit

   ---------------           ------------------      -------------------      ----------------------

            1                        42000.000               75000.000           No Upper Limit

            2                                0.000               30000.000                    63000.000

            3                                0.000               15000.000           No Upper Limit

            4                 No Lower Limit                 100.000                        375.000

11. Suppose that the rating of the newspaper is increased from 280 to 330 audience points. Which one of the following is true? (4 points)

1. Current optimal solution remains unchanged because 330 is outside the range of optimality for x3.
2. Current optimal solution will be changed because 330 is outside the range of optimality for x3.
3. Current dual prices should be changed because 330 is outside the range of optimality for x3.
4. Current optimal solution remains unchanged because x3= 0.
5. The Optimal value of the objective function (i.e., 67,050 points) remains unchanged because x3 = 0.

12. Suppose that the company eliminates the requirement that the company must buy at

     least 100 radio spots (Constraint 4)? Which one of the following is true? (4 points)

1. Current optimal solution remains unchanged because Constraint 4 is non-binding.
2. Current optimal solution will be changed because Constraint 4 is non-binding.  
3. Current dual prices should be changed because Constraint 4 is non-binding. .
4. The sensitivity analysis cannot be conducted because Constraint 4 is non-binding.
5. The problem must be re-solved.

2. Devos Inc. makes desks that are made up of 1 top, 2 sides, and 4 legs. We need to make at least 15,000 desks to fulfill the demand of our customers.

The costs are as follow:

Make the top - $7

Buy the top - $10

Make the side - $3

Buy the side - $5

Make a leg - $2

Buy a leg - $3

1) One top requires 4 feet of wood, one side requires 2 feet of wood, and one leg requires 1 foot of wood and we have 180,000 feet of wood available.

2) Each top takes 8 minutes to make a top, each side takes 3 minutes to make, and each leg takes 2 minutes to make. We have 300,000 minutes available.

3) Each top takes up 2 units of space, each side takes up 2 units of space, and each leg takes up .1 units of space before it is assembled in our inventory. We have 80,000 units of space available.

Answer the following using solver:

1. How many tops should we make? How many tops should we buy? How many sides should we make? How many sides should we buy? How many legs should we make? How many legs should we buy?
2. Without re-running Solver, what happens to our cost if we require that we buy at least one leg?
3. Without re-running solver, what happens to our cost if we need to make 16,000 tops (instead of 15,000)?

Explain in detail the following questions #1-3

1. Explain WITH an example of how to use Economic Order Quantity (EOQ).
2. What can EOQ can tell you?
3. In the process of an economic order quantity (EOQ) inventory analysis, if the holding cost for an item doubles and all other parameters remain unchanged, which of the following will happen?
   1. The order quantity will increase,, and the reorder point will decrease.
   2. The order quantity will increase, and the reorder point will increase
   3. The order quantity will decrease, and the reorder point will remain unchanged.
   4. The order quantity will remain unchanged, and the reorder point with increase.
4. According to the economic order quantity (EOQ) inventory model, if the lead time is doubled, the order quantity will.
   1. Decrease by half
   2. Remain unchanged
   3. Increase by an amount equal to the square root of 2
   4. Double
5. In inventory management, the requirement of cycle counting includes all of the following EXCEPT
   1. Closing the facility to ensure accurate inventory counts
   2. Reconciling inventory counts with inventory records
   3. Dividing inventory into classes
   4. Counting the inventory frequently

Philip Musa can build either a large video rental section or a small one in his Birmingham drugstore. He can also gather additional information or simply do nothing. If he gathers additional​ information, the results could suggest either a favorable or an unfavorable​ market, but it would cost him ​$3, 500 to gather the information. Musa believes that there is a​ 50-50 chance that the information will be favorable. If the rental market is​ favorable, Musa will earn ​$18,000 with a large section or ​$6, 000 with a small. With an unfavorable​ video-rental market,​ however, Musa could lose ​$21, 000 with a large section or ​$16, 000 with a small section. Without gathering additional​ information, Musa estimates that the probability of a favorable rental market is 0.7. A favorable report from the study would increase the probability of a favorable rental market to 0.9. ​Furthermore, an unfavorable report from the additional information would decrease the probability of a favorable rental market to 0.4. Of​ course, Musa could ignore these numbers and do nothing. What is your advice to​ Musa?

The expected payoff is ​$ ___ ​(round your response to the nearest​ dollar).

Describe common challenges in managing data.

Situation Analysis on American Eagle Outfitters – Conduct an online marketing SWOT that highlights the following (who are the digital customers, analyze the competitors, assess the company’s digital channels landscape

find two examples of Universalism in your culture and two examples of Particularist?

Which of Marketing Mix needs marketing research the most?

Now that you conducted your risk assessments (quantitative/qualitative/mixed-method) for your various assets, it is now time to develop a mitigation plan. What is a risk mitigation plan and why is it just as important as the previous steps? Cost-Benefit Analysis (CBA) is an important tool when trying to identify risk, list some elements that are important when conducting a CBA. Why is it important that senior management know these elements that you have identified?

Need 300 word

How would you respond to this post?

We live in uncertain times. If it sounds doomsday-ish, then you’re reading it correctly. At any given moment there are important, powerful things happening around us. In the past, it could be argued that rapid technological advancements fit this description. Right now, one could make a case for anything from COVID-19 to the Climate Crisis. And some companies and products are thriving in the chaos. The first example that comes to mind, probably because it’s directly related to the auto manufacturers listed in the posted article, is Tesla. Tesla has demonstrated everything referenced in the article. Each car has a big monitor that keeps the people inside connected. [Smart Products & Productivity.] Tesla cars, generally, can only be serviced by Tesla service centers. Owners aren’t really allowed to obtain and work on their own cars, which is very different than times past. The level of customer service is as important as the service itself [Servicitization.] For Digitization, the product itself is pretty digital, but another example could be how a Tesla is built (as a model, not an individual product.) Tesla can mock up a car and see what it would look like in a computer long before manufacturing begins. For personalization, those who order Tesla's can do so from the comfort of their own home. They can choose their own features, color, and more. It’s like Build-A-Bear for moms and dads. For Regulation, Tesla has to follow the same federal rules and regulations as all other car manufacturer. What sets them apart is how they go above and beyond. This is especially true in how they handle EPA regulations. As eco-cars they come with a guilty free conscience and a sense of civic duty.