...Julia is a student seeking a way in which to subsidize her education. She has decided to rent a food booth to sell items at home football games. Having decided to sell pizza, hot dogs, and BBQ sandwiches, Julia needs to decide specifically which items to sell, and what prices she should charge to maximize the profit on her initial investment of $1500. Julia will be selling her products twice per game and decides to sell pizza slices and hot dogs for $1.50, and BBQ sandwiches for $2.25. The Time constraints prevents her from both preparing and selling her food; as such, she has decided to prepare the hot dogs and BBQ sandwiches prior to each game and have the pizzas delivered. To keep the food warm Julia rents an oven. Julia needs to clear at least $1000 in profit to make renting the booth a worthy investment. To begin analyzing this investment problem we must first calculate the profit made from hot dogs and BBQ sandwiches in order to formulate the linear model. Calculating Cost, Revenues, and Profit Profit = Income - Cost (Pizza - X1) - $1.50 - .75 = $.75 (Hot Dog - X2) - $1.50 - .45 = $1.05 (BBQ - X3) - $2.25 - .90 = $1.35 Model Summary Maximize Z = .75X1 + 1.05X2 + 1.35X3 where Z = profit from products sold subject to the following constraints .75X1 + .45X2 + 09X3 ≤ 1500 - Budget 24X1 + 16X2 + 25X3 ≤ 55296 - Space in oven (per sq. in.) X1 - X2 - X3 ≥ 0 - At least as many pizza slices as Hot Dogs and BBQ Sandwiches X2 - 2X3 ≥ 0 - At least twice...
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...ORGANIZATIONAL BEHAVIOUR-I An Analysis Of The case study on “Julia Stasch’s Dilemma” INTRODUCTION: The case revolves around Julia Stasch who from being a teacher went on to join Stein and Company. Stein & Company is a real estate company providing complete array of real estate services. Stasch work here could be called as Change Agent in the industry. Her efforts in introducing affirmative action as well encouraging women and minorities to be part of real estate industry improved their conditions. However because of the mentality of being a male dominated industry in construction projects, she was facing problems of introducing and encouraging women workforce in construction industry The Case study concludes as to what Julia Stasch should do to overcome her dilemma, introduce changes and also be able to obtain the bid Metcalfe Federal building to advance the cause. OUTLINE OF THE CASE: Stein & company, founded by Richard A Stein which started as a small venture handling rehabilitation of townhouses evolved into a successful enterprise responsible for over a billion worth of commercial properties in Chicago . Julia Stasch, a socially conscious high school teacher, joined Stein and Company as a secretary to Richard Stein but rose to the status of president and chief operating officer within 15 years. Julia Stasch’s first real opportunity to address minority and women’s issues in construction began in 1984 when Stein and Company was asked by the city of Chicago...
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...Assignment #3: Case Problem "Julia's Food Booth" Complete the "Julia's Food Booth" case problem on page 109 of the text. Address each of the issues A - D according the instructions given. (A) Formulate and solve an L.P. model for this case. See Excel worksheet. (B) Evaluate the prospect of borrowing money before the first game. I would suggest that Julia consider borrowing money before the first game to open up her food booth. According to the first constraint, she is subject to a $1,500 budget with a potential to make a profit of $2,250 if she were to sell all her pizza and hot dogs. This result yields a profit of $750 or 50%. Even if no sales were made, the potential is high, considering the opportunity. Plus, I am sure that a small initial investment is not detrimental to her personal funds, to where if things did not go as planned, she could recover the funds. (C) Evaluate the prospect of paying a friend $100/game to assist. I would suggest that Julia consult a friend for $100/game to assist in her food booth. After running a break-even analysis (see Excel), holding all things constant, where she only sells pizza and hot dogs, she would have to sell 67 slices of pizza and 48 hotdogs to break-even after paying her friend $100. This does not seem too farfetched, considering her maximum sales, given these constraints, is 1,250 slices of pizza and 1,250 hot dogs, only about 5% and 4% of maximum sales, respectively. On top of that, Julia may need the help to meet...
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...Julia’s Food Booth MAT 540 February 22, 2014 Julia’s Food Booth Case Problem (A) Formulate and solve an LP model. Variables: X1 = pizza slices, X2 = hot dogs, and X3 = barbeque sandwiches Maximize Z = ($0.75 X1) + ($1.05 X2) + ($1.35 X3) Subject to: $0.75x1+ $0.45x2 + $0.90x3 ≤ $1,500 24x1 + 16x2 +25x3 ≤ 55.296in of oven space X1 ≥ x2 + x3 (change to –x1 + x2 + x3 ≤ 0 for constraint) X2/x3 ≥ 0 Solution: X1 = 1250 pizza slices X2 = 1250 hot dogs X3 = 0 barbeque sandwiches Z = $2,250 (B) Evaluate the prospect of borrowing money before the first game. Yes, I do believe Julia would increase her profit if she borrowed money. The shadow price is $1.50 for each additional dollar she earns. The upper limit in the model that is given is $1,658.88. This means that Julia can borrow $158.88 from her friend, which gives her an extra profit of $238.32 or a total profit of $2,488.32. (C) Evaluate the prospect of paying a friend $100/game to assist. According to the information presented in (A) and (B), I do believe Julia should hire her friend for $100 per game. It would be difficult for Julia to prepare all of the food needed within the amount of time to reach her goal, so she will need the additional help. If she is borrowing extra money from another friend, she would be able to pay the help for the time spent helping at the game because the $158.88 she borrowed will allow her to do so. (D) Analyze the impact of uncertainties on the model. An impact of...
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...Assignment #3: Case Problem “Julia’s Food Booth” La-Tia Jackson MAT 540 Dr. Albert Yin May 26, 2013 1. Formulate and solve an L.P. model for this case. There are three products or variables in this problem that we must consider for purchase. X1 = number of pizza slices Julia should purchase X2 = number of hotdogs Julia should purchase X3 = number of barbecue sandwiches Julia should purchase. Julia decided to have a food booth in order to make some money. Her goal is to maximize the profit that she can get from selling the hotdogs, pizza, and barbeque sandwiches that she plans on selling. The first thing to do is find the profit that Julia will make per Item. To find that per Item price, the cost of the item will be subtracted from the selling price. Pizza: Julia can buy a pizza that contains 8 slices for $6. That means each slice of pizza will cost her $0.75. She plans to sell each piece for 1.50. $1.50-$0.75= $0.75 profit Hot dog: $1.50 - $0.45 = $1.05 profit Barbecue Sandwiches: $2.25 - $0.90 = $1.35 profit The objective function can now be written since we have found the potential profit of each food item. The objective of this function is to maximize Z (profit). Z= $0.75x1 + $1.05x2 + $1.35X3 Budget is the one thing that has to be taken into consideration. Julia has $1,500 on hand to purchase and prepare food for the first home game. A constraint must be formed for the budget. Cost of each item and money available is what is known, so it is easy to form the...
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...The fear of rats is very common phobia. In room 101 O’Brien explains that they use people’s greatest fear to finally break them and make them love Big Brother. “They were rats. ‘In your case’ said O’Brien ‘the worst thing in the world happens to be rats’ A sort of premonitory tremor of fear of he was not certain of what, had passed through Winston as soon as he first glimpse of the cage.” (Book 3-part 5 page 297) Rats symbolize Winston’s biggest fear. Everyone has someonting they fear and in Winston case it’s rats. O'brien knows this and wants to use Winstons fears to manipulate him and create a new being in the image of big brother. The memory of his childhood haunts him. The way he found his apartement covered in rats and totally empty lead to him to make the assoication between abandonment, loss and rats. As Orwell illustrated Winston refuses to loose the connectiom iwth the psat which is tied to the abandoment he face as a boy. So infact Winston is not acutally afraid of rats he is pertrafided of the loss they remind him...
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...Case Problem” Julia’s Food Booth” Julia’s objective is to maximize total profit; the total profit is the summary of the individual profits gained from each pizza slice, hot dog, and barbeque sandwich. I am going to estimate the profit for each item as difference between total revenue and total cost of the item. Total revenue Total cost Profit Pizza slice $1.50 $6/8 slices = $0.75 $0.75 Hot dog $1.50 $0.45 $1.05 Barbeque sandwich $2.25 $0.90 $1.35 x1 - number of pizza slices x2 - number of hot dogs x3 - number of barbeque sandwiches The profit function: maximize Z = $0.75* x1 + $1.05 * x2 + $1.35 * x3 There Z = total profit per game. The oven size constraint is formulated as 16 shelves 3*4 feet each which will be filled twice for each game, so the maximum possible size of the stove is: (((12*3)*(12*4))*16)*2 = 55,296 square inches. Estimate for each item in regards to the space: Pizza slice (14*14)/8 = 24.5 square inches (keeping in mind that she will keep whole pizza warm) Hot dog ...
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...Student Assignment Covering Form |Course/Unit Information | |Course |Pearson (Edexcel) BTEC Level 5 Higher National Diploma | |Unit No. |Unit 47 | |Unit Name |Employability Skills | |Unit code |A/601/0992 | |Batch |OME10-ES-ParagTikekar-1605 | |Instructor Information | |Name |Parag Tikekar | |Phone |+97150 578 5927 | |Email |paragtikekar@yahoo.com | |Assignment Information ...
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...Summary On the morning of January 17, 1993, before the annual buying trip to Germany for the 1993 Christmas season, the toy buyer for the chain of Hightower Department Stores named Julia Brown was reviewing the performance of some models of stuffed animals tested for sales during 1992. Every time Julia’s on the trip, she would buy some stuffed animals for testing. Fifty was the minimum amount the manufacturers require. Based on Julia’s years of buying experience, the tested result would give Julia a clear estimation about how many new stuffed animals she needed to order. Figure 1 in below shows the timeline of how Julia buys the toys for the company: 1992 January 1993 December 1994 50 of Each Tested for sale: Evaluation Test Results then Order Estimated Number of Bear, Pig, Bear, Pig, & Raccoon & Buy Test Toys for 1994 Christmas & Raccoon for Christmas Season Figure 1: Timeline of how Julia buys the toys for the company Decision Problem During last year, three stuffed animals were tested for sale, including a bear, a pig, and a raccoon. The result shown there were 10 out of 50 bears, 4 out of 50 pigs, and 32 out of 50 raccoons sold. Julia was faced with a decision to make about whether she should import the toys from Germany or but the toys domestically, and if the toys were to be imported, how many of bears, pigs...
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...old flat without any way of communicating. But eventually after long time, she finds a way to get in touch with her nieces and her old lover, Robert. When Elspeth died, she left all of her belongings, including the flat, to her twin sister’s twin daughters, Julia and Valentina. This surprised everyone, as Elspeth and her sister, Edie, had not spoken with each other for twenty years. We later realize out that the twins switched identities, because when Edie, who actually was called Elspeth, was engaged to her husband, Jack, he started to be flirtatious towards Elspeth, who was Edie at the time. So they started to impersonate each other to test him. But even though Jack knew they had switched, he played along and fell in love with “Edie” and broke off the engagement with Elspeth and asked “Edie” to marry him. But in the meantime Elspeth had slept with Jack and was pregnant with the twins, so she moved in with him and raised the twins, though it was Edie he had married. When the twins were about four months old, they switched back and Edie came to live with Jack. But Elspeth was actually the real mother of Valentina and Julia. Valentina and Julia are identical twins, w ho are inseparable and do everything together. Julia is the more dominant twin and...
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...Standing up for something that you believe in means that you found something that is worth fighting for. The quote “stand up for what you believes in, even if it means standing alone,” relates perfectly to the book “The Legacy of Luna,” by Julia Butterfly Hill, which is about her two year tree-sit in a redwood tree named Luna. Throughout her sit, Hill encountered many difficulties including freezing rains and 40 mph winds, helicopter harassment, a ten-day siege by company security guards cutting off her supplies of food and water, and constant intimidation by angry loggers. Though she did have friends come up to visit her every now and then, she was the one who fought the battle for Luna for two years, standing up for what she believed in, even though she was...
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...Case Problem Julia's Food Booth Assignment #3 Case Problem Julia's Food Booth A: Formulation of the LP Model X1(Pizza), X2(hotdogs), X3(barbecue sandwiches) Constraints: Cost: Maximum fund available for the purchase = $1500 Cost per pizza slice = $6 (get 8 slices) =6/8 = $0.75 Cost for a hotdog = $.45 Cost for a barbecue sandwich = $.90 Constraint: 0.75X1 + 0.45X2+ 0.90(X3) ≤ 1500 Oven space: Space available = 3 x 4 x 16 = 192 sq. feet = 192 x 12 x 12 =27648 sq. inches The oven will be refilled before half time- 27648 x 2 = 55296 Space required for pizza = 14 x 14 = 196 sq. inches Space required for pizza slice = 196/ 8 = 24.50 sq. inches Space required for a hotdog=16 Space required for a barbecue sandwich = 25 Constraint: 24.50 (X1) + 16 (X2) + 25 (X3) ≤ 55296 Constraint: Julia can sell at least as many slices of pizza(X1) as hot dogs(x2) and barbecue sandwiches (X3) combined Constraint: X1 ≥ X2 + X3 = X1 - X2 - X3 ≥ 0 Julia can sell at least twice as many hot dogs as barbecue sandwiches X2/X3 ≥ 2 = X2 ≥2 X3 =X2 - 2 X3 ≥ 0 X1, X2, X3 >= 0 (Non negativity constraint) Objective Function (Maximize Profit): Profit =Sell- Cost Profit function: Z = 0.75 X1 + 1.05 X2 + 1.35 X3 LPP Model: Maximize Z = 0.75 X1 + 1.05 X2 + 1.35 X3 Subject to 24.5 X1 + 16 X2 + 25 X3 ≤ 55296 0.75 X1 + 0.45 X2 + 0.90 X3 ≤ 1500 X1 - X2 - X3 ≥ 0 X2 - 2 X3 ≥ 0 X1≥ 0, X2≥ 0 and X3 ≥0 ...
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...1. Problem Outline The object of my examination will be a case in the company I work for - Bank. Bank is the biggest bank in B, part of the leading European financial group V with about 4000 employees, over 1.3 million customers and more than 230 branches all over the country. Bank is number one in Corporate banking, Private banking and Investment banking. Also it is among the first banks in Retail banking. As a leading financial force in my country Bank has its main goal – to remain its first position and become number one in Retail banking, too. Its aim is to become well recognized and preferred brand among the people. The purpose of the management is the customers to be attracted by the perfect customer service than the prices. It is like to buy Levi's pair of jeans, or Mercedes or BMW - when you buy it you know it is expensive, but famous and quality brand. To do this BANK has to look into a powerful force – its employees. The employees are powerful tool who can act as propulsion of the intended ideas to be achieved. According to the desired goals in 2011 Bank started a new stimulus program for the commercial part of the employees. With this program Bank tries to enhance this force to face and use the opportunities and challenges. The bank through its staff has to give simple answers and original and individual solutions. The bank is still complicated institution for many of the regular customers. The management of the company has to delegate to the commercial staff...
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...dissociate due to traumatic experiences. Society perceives individuals who seek psychiatric assistance to be “abnormal,” but Stout challenges this concept by illustrating how her patients defy this generalization. Therapy is not just for “insane” individuals because Stout’s patients are intellectual individuals who carry through conventional lifestyles. Society labels individuals who acquire psychiatric help as irregular simply because the individuals seek the therapy. Seeking therapeutic help is the first step towards fixing personal problems that cannot be fought alone. Everyone has issues that are difficult to face on their own; in Stout’s patients’ cases, the issues are severe episodes of dissociation that hinder their everyday routines. One patient in particular, named Julia, is a successful producer of documentary films. As a child, Julia underwent child abuse and was skillfully able to remove herself from the horrific situations. The trauma Julia experienced as a child causes her to dissociate now as an adult yet, she carries her life as anyone else would. “I met her when I she was thirty-two, and an intellectual force to be reckoned with. A conversation with her reminds me of the New York Review of Books, except that she is...
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...Literary Criticism The Two Gentlemen of Verona The Two Gentlemen of Verona is a comedy about the adventures of two bosom buddies, Valentine and Proteus. When Proteus falls in love with his best friend's girlfriend, the guys find themselves torn between the bonds of male friendship and romance. (If you're thinking all this sounds like a modern day "bromantic comedy," you're right. Two Gentlemen of Verona is the great, great grandfather of buddy flicks like the 2009 comedy I Love You Man.) Written as early as 1590-91, Two Gentlemen appears to be William Shakespeare's first play. (As usual, some literary critics are divided over this issue, but we're going with the editors of The Norton Shakespeare and the editors of The Oxford Shakespeare on this one.) As Shakespeare's first theatrical effort, Two Gentlemenhas been referred to as a "limping forerunner" of Shakespeare's later works. Even famous literary scholar Harold Bloom says it's "the weakest of all Shakespeare's comedies." We, on the other hand, prefer to think of Two Gentlemen as Shakespeare's test kitchen, where a budding young playwright begins to work out the recipe for his "comedies" and begins to explore themes and conventions that he'll develop more fully in later works – particularly the themes of male friendship and heterosexual love, which come into conflict in plays like The Merchant of Veniceand also in Shakespeare's collection of Sonnets. Like all test kitchen creations, Two Gentlemen is far from perfect...
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