...Chapter Two: Linear Programming: Model Formulation and Graphical Solution PROBLEM SUMMARY 35. Sensitivity analysis (2–34) 36. Minimization, graphical solution 1. Maximization 37. Maximization, graphical solution 2. Maximization 38. Maximization, graphical solution 3. Minimization 39. Sensitivity analysis (2–38) 4. Sensitivity analysis (2–3) 40. Maximization, graphical solution 5. Minimization 41. Sensitivity analysis (2–40) 6. Maximization 42. Maximization, graphical solution 7. Slack analysis (2–6) 43. Sensitivity analysis (2–42) 8. Sensitivity analysis (2–6) 44. Minimization, graphical solution 9. Maximization, graphical solution 45. Sensitivity analysis (2–44) 10. Slack analysis (2–9) 46. Maximization, graphical solution 11. Maximization, graphical solution 47. Sensitivity analysis (2–46) 12. Minimization, graphical solution 48. Maximization, graphical solution 13. Maximization, graphical solution 49. Sensitivity analysis (2–48) 14. Sensitivity analysis (2–13) 50. Maximization, graphical solution 15. Sensitivity analysis (2–13) 51. Maximization, graphical solution 16. Maximization, graphical solution 52. Multiple optimal solutions 17. Sensitivity analysis (2–16) 53. Infeasible problem 18. Maximization, graphical solution 54. Unbounded problem 19. Standard form 20. Maximization, graphical solution PROBLEM SOLUTIONS 21. Standard form 1. 22. Maximization...
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...The economic situation that United States is in isn’t getting any better and has gotten worst within the last 5 years. This year we are on pace to have gas prices go up to 5 dollars, millions are still out of work and food prices are going nothing but up. Go back to 2008 jobs was easier to get, employment wasn’t down as it is now, businesses wasn’t going out of business and the president didn’t have all of this on his plate. This year employment is up to which is the highest which is 8 percent, new president which mean more issues and one problem that arose was that the troops came home which added to more Americans that are unemployed which mean less jobs. Business wise the economy suffered a lot more because there is competition more when it comes to low prices, more similar products and because everyone want a low price, because people want to save money and find the lowest price. Example would have to be with cereal people want the best tasting kind such as name brand but to save money that find a substitute and buy store brand which comes with half the good taste. It is hard for a firm to sell a product that doesn’t have substitutions because if you set it to a high price not a lot of people will buy it and in this economy when it comes to saving money and feeding a family much less yourself you have to make your money go a long way so the lowest price will...
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...The Impact of Obamacare on the Economy Kimberly Carter Dr. Monjica-Howell MGT 5064: Cost and Economic Analysis 23 April 2013 Abstract In 2010, there were approximately 50 million uninsured Americans. In March 2010, President Obama signed into law a piece of legislation that reformed American’s healthcare industry. The legislation is coined as “Obamacare.” Supporters argue Obamacare provides coverage for our nation’s uninsured while boosting economy. Opponents argue Obamacare will increase healthcare costs and in turn, add to the deficit. The research supports the belief that improving the health status of the American citizens does result in economic expenditures for the United States. There is a relationship between affordable healthcare and the economy. The impact Obamacare has on the economy can be viewed through a simple math equation, a return on investment analysis. The return on investment analysis revealed a positive return on investment. The results suggest American has invested wisely. Investing in the healthcare of the American citizens will improve productivity, is cost effective, and reduces healthcare care costs. The Impact of Obamacare on the Economy In 2010, there were approximately 50 million uninsured Americans. This means that 16.9% of American’s population is uninsured. The numbers are overwhelming and reveal healthcare in American is not affordable. Many argue that the cost of healthcare has doubled in recent years (Department...
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...healthcare organization also provide care, , consistency, and support.In addition to care being providing in health care Financial management is another important assets in healthcare organization. With todays econmy crisis healthcare organization face many financial issues for example, Decreasing revenues, increasing costs and terminating healthcare workers .Being a Mananager,Administrator in a healthcare organization is not a easy job because they have to ready lead in today’s climate and also position their organizations for later financial issues and potential political changes. . In order to have an effective financial management, organization, many health care organizations use the Generally Accepted Accounting Principles, corporate compliance, and the value of ethics. Accounting Principles and Ethics Articles A healthcare organization is one of the most successful business inside of a healthcare organization theres so many different profession within, from healthcare providers such as physician, nurses ,Medical assistants and so many more. .A healthcare organization also provide care, , consistency, and support.In addition to care being providing in health care Financial management is another important assets in healthcare organization. With todays econmy crisis healthcare organization face many financial issues for example, Decreasing revenues, increasing costs and terminating healthcare workers .Being a...
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...Reasons why it would be good is because it creates jobs and attracts business. Where people can go to do all their shopping conveniently. Because all the stores are right next to each other. Instead of having to drive across town to find what they are looking for. So it boosts econmy and saves people time and money. Because people don't have to get in and out of their cars and drive 10 to 25 minutes across town to find what they are needing. Plus they save gas so there for they are saving money.\ Reasons why It would not be a good idea. It will also put people out of business. Which is not good for the town. It will cause the population of the town to go down. Because the people who owned the small little stores will be forced to close and move to a new town to re open. plus with the traffic situation we will also lose money because we will have to expand the width of the highways. Just so people can make it out there. So here is my conclusion I say that the building of the stores is a great risk and a great longterm benefit for the town because It will allow the continuing of the town to grow. but in a short-term we will lose a lot with this project. but in a few years we will get it all back if not more. because it will start to drawl attention to the town wich will increase houses being built and a major population increase and allow more business to move in and the town will become a city and benefit even...
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...This causes an extreme strain on the growth of the econmy,inaddtion to this the more poverty grows the more the GDP is being affected. The GDP is the overall measurement of the economy.It contains the percentage of the consumption rate, which is the calculation of good and services being bought. Poverty affects the consumption rate. The cause of poverty increasing can be due to recissions, depressions and most importantly...
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...government, Nubian gold minds provided them with gold other nations were entirely jealous of lastly barter system and trade system were successful. In this essay I will be discussing contributing factors that impacted new kingdoms empire. Transport was needed for goods to be sold for trade to villages and towns. The Nile made this happen and therefore greatly impacted Egypt’s economy. The Nile was a transport mechanism that transported good in-between ports such as grain, Stones such as limestone and quarries were transported along the Nile on barges. A source of evidence that shows this is Hatsheput’s mortuary temple, that features a scene of obelisks being transported from Aswan to Thebes. This made Egpyt a well known, dominant econmy. The economy heavily relied on the agriculture that the inundation from the Nile brought to the Egyptians. There were three distinct seasons that helped the agriculture, the first one was the season of Akhet which was when the river flooded, the second season was Peret that the waters would leave a black silt for ploughing and sowing the crops that was very fertile and lastly, the season of Shemu which were when the crops were harvest and stored in granaries. The crops that were harvest were grain, including barley, which contributed to making bread and beer. Fruit and Vegetables were also produced. Irrigation was necessary therefore the New Kingdom Egyptians invented a mechanism called the shaduf. A source of evidence for this are...
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...Federal Reserve Paper Jess Marie Sotto ECO/212 December 11, 2011 Kalamogo Coulibaly Federal Reserve Paper The Federal Reserve is an important component of the nation’s financial system. The fed also known as the central bank make crucial decisions to ensure that the country’s macroeconomic policy objectives are met. The fed handles financial topics such as government spending, taxes, interest rates and money. The following is a discussion of the purpose and function of money, monetary system, and current policy actions. The Purpose and Function of Money Money functions as a medium of exchange, a unit of account, store of value, and a standard of deferred payment. Medium of exchange means that sellers will sell goods or services to people if they are willing to accept money in return. Money also functions as a unit of account which means that it is used to measure the value of the economy. Money as store of value means that because of money's liquidity, it is easier to save it for future use in comparison to other assets. Money as a standard of deferred payment means that money can be used in borrowing and lending such as credit cards, loans etcetera (Hubbard & O'Brien, 2010, p. 827). The Nation’s Monetary System The nation’s central bank also know as the Federal Reseve manages the nation’s monetary system through the implementation of financial policies (Hubbard & O'Brien, 2010, p. 790). Monetary policies are action’s the Federal Reserve...
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...Many of the kids entering foster care have face abuse and violence and are sent into foster care to seek a better lifestyle but because of our economic state the kids won't be provided with the promising care that they wished for. In the 1930’s federal involvement helped to improve foster care but because of the state the econmy is in it is nearly impossible for federal agencies to give any more support then they already are.Today we would turn on the tv and most likely see a commercial about foster care systems come on the screen with childeren from foster care talking about there needs and the commercial would end saying “not everyone can be a foster parent but anyone can help a foster child.” The commercial would end and most people wouldnt think anything about it, in fact many people would change the channel before the commercial was even over. What we don't realize it that children in foster care systems really aren't as happy as we perceive them to be and although we may think that commercial is exaggerated throughout my research I have learned that it's not...
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...Every company has a purpose, and part of that purpose is to create wealth and value. However, there are other responsibilities that have been entrusted with companies. The environmental and social responsibilities of a company have an important role in its ability to maintain a social license to operate, ensure a consistent pool of resources that are required for the business to perform its functions, and to generate profits. The Acquisition of Kia Motors by Hyundai Motors Fikre Y. Wondimu CalUniversity Author Note Fikre Y. Wondimu is a student at California Intercontinental University. Special thanks to Dr. Troy Roland and Dr. Fathiah Inserto for providing suggestions to improve this document format and content. Correspondence concerning this thesis should be addressed to Fikre Y. Wondimu, CalUniversity, 1470 Valley Vista Drive #150, Diamond Bar, CA 91765. Contact: fikre_y@yahoo.com Abstract The last decade demonstrated decreased revenue and higher value of development costs, which led the automobile industry to engage in domestic and international mergers and acquisition (M&A). This case analyis examines one of the largest M&As in the Korean automobile industry in recent years, the acquisition of Kia Motors (Kia) by Hyundai Motors (Hyundai). The case study briefly analyses the conditions of the acquisition, the integration and stabilization processes undertaken by both companies. By acquiring Kia, Hyundai enhanced its competitive position in both domestic...
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...POVERTY A MAJOR ISSUE Poverty is lack of basic human needs like health, education, clean water, nutrition etc. It is a condition in which one income is not sufficient enough to fulfill his basic needs. It is curse and something like nobody would want to own. In Pakistan it is not a yesterday born issue, it is eating up Pakistan and now it has spread out its circle to a larger radius now. Historically it began just with independence because of lack of proper resources at that time. In 1980 there was a slight decline in its level but the level again risen up after 1990 and till now it is rising with fluctuation of time. Currently about 35% of Pakistan population lives below the line of poverty. Mostly people of rural areas live below the line of poverty and two third of our population live in rural areas. Scenario is also not different in urban areas where 40% population of urban area live below the line of poverty. Currently poverty is the cause behind many critical problems in Pakistan on one hand but it is also outcome of many other problems. There are a lot of reasons behind poverty. Mostly people blame politics and politicians as one of the reason for prevailing poverty. Some call it lack of good leadership, some call it bad government policies and some call it bad politics but they all are same in one. Politicians are some time not sincere for eradication of poverty and some do not have proper plan for its solution. The policies adopted by different government only cause...
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...Abstract Wal-Mart is the United States largest retailer and the largest employer. It has more revenue and more employees than any other company in America. The growth is unmatched by competitors and is a dominant force in the retail space. It has insignificant operating costs that let the retailer set low prices on a range of goods. The paper will examine theses economical burdens of this practice. There are concerns about Walmart’s growth, along with the financial impact it has on its workers, the environment, surrounding communities, and its competitors. This paper will examine these concerns by answering the following questions: Was there a correlational relationship between the leadership’s decisions make abilities and the events that led to employees rights? Was there a connection between Walmart’s business practices and the practices of senior leadership that effect the environment? How has the public’s perception of Walmart caused a reduction in the work force, and effecting surround communities? This paper will look deep into these issues and describe possible solutions Wal-Mart: The Economic Power House Walmart runs on small operating costs, it has low prices, it’s a gigantic company, the world’s second largest employer, families spend thousands of dollars a year there, and it has everything from apples to glue, and most people live within 20 miles of one. These facts represent an organization that has had expansive growth since its inception. With this expansive...
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...Advancing trust in the mexican marketplace Bernardo altamirano rodriguez Found and CEO-BBB Mexico (better business bureau, founded in 1912 in Mexico) 1. Why I built the BBB in Mexico 2. Advances given 3. Development of practices and ideas for the allowance of institutions 4. Identify context of Mexican econmy 5. Business without borders a. Economic = trade liberalization and structural reforms b. Political = impact of the state in the economy and markets i. State participation in economy. c. Social = explaining middle class origins ii. Difference between US origins and Mexican middle class. iii. Different tiers of government, and public work are the two main sources of middle class in Mexico. d. Culture = risk averse and prejudices towards businesses iv. Mexico is more risk averse to investment of money and larger prejudices towards starting businesses. v. Important community belief is that making money is not good. “rich capitalist” ideal. e. Rule of law = different legal systems and property rights vi. Different legal systems (property rights system) and considerations are important because. vii. Napoleonic law 6. Shared heritage of the US and Mexico f. We share historical origins and geographical conditions (10 states) g. Common cultural values however: viii. Different behaviors when crossing the border (both sides) ix. Huge...
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...Industry Forecasting Porsche is a leader when it comes to sports cars. When thinking sports cars you cannot help but think of Porsche. Porsche has been around since 1931and has had its ups and downs in the auto industry but is still going strong with over 80 years under its belt. Porsche has a rich past in design and engineering and quality assurance. Porsche was created by Dr. Ferdinand Porsche “as a vehicle design firm in 1931 and did work for car companies” (Sass, 2009). Porsche has been different from the beginning by being “known in its early days as the Porsche Engineering Office, Porsche did not start off as an automaker, but rather a firm that sold designs and engineering services to other car makers” (Henderson & Reavis, 2009). Porsche did not design its first car until 1934. The first car Porsche designed was at the request of Adolf Hitler who “commissioned Porsche to make a “peoples car” or “Volkswagen” (Henderson & Reavis, 2009). It was not until after the war that Porsche designed and produced its first sports car. The first “Porsche 356 series rolled off production lines” (Henderson & Reavis, 2009) in 1948. Dr. Ferdinand Porsche and his son Ferry Jr. would run the company until Ferry Jr. took over after his father’s death in 1951. The very symbol that is found on the hood of Porsche today is the exact symbol produced in 1953by “Dr. Ferry Porsche designed an emblem including the coat of arms of Stuttgart and the coat of arms of Württemberg, along with...
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...2.1 Discuss the models of strategic change. The pace with which organisations face change together with its workers have been increasing tremendously for many years now. According to Julia, B. and Veronica,H.(2008), “change has become a way of life, in any part because organisations are experiencing many different types of changes”. Many schools of thought have come up with ideas or models which identify the phases of change in organisations and the best way to implement them. Some of them include the Force field analysis and the Continuous improvement models of change. Force field analysis The Force field analysis model was originally developed by Kurt Lewin in 1947 which is now the most commonly used method to “map a plan for goal achievement” (Fred, B.and Steven, C.2010). This approach uses the idea that in a change process, there are both the driving and restraining forces that will either enhance or inhibit the progress to change. Driving forces are those forces that push for and promote change and which will obviously produce positive results while restrainers are forces that will block the intended positive outcomes or make change more difficult. Examples of driving forces are customer complaints, long waits of service, increased efficiency, new technology, among others. Some restraining forces include fear of change, lack of knowledge or skills, lack of training and motivation. This is diagrammatically represented below: BEFORE CHANGE ...
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