undertaken partly as an external doctoral candidate and partly as a research and teaching assistant at the Institute of Information Systems, University of Hamburg. It contains eight articles and a technical report in the field of aggregate production planning and supply chain management. The research question immanent to this work is how
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Economic Critique ECO/372 October 28, 2013 Economic Critique The current state of the economy is in question by the United States population. Unemployment, expectations, consumer income, and interest rate are the topics important to consumers and businesses. Understanding each area will allow to understand the state of the economy today. Unemployment Unemployment is part of the economy that the United States government has been working on getting lowered. Within a one month period there
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Keynesian Economics Before World War II the economy was in ruins. The great depression was tearing the country apart. With twenty-five percent unemployment and poverty at an all time high, it was time for a change from the passive economics of the past. WWII led to a stimulation of the economy through spending and the economy thrived. Keynesian theories were correct and the United States adapted it's policies to Keynes's ideas. Keynesian economics are a worthy foundation to modern macroeconomics
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commodities in the world. Like prices of other commodities the price of crude oil experiences wide price swings in times of shortage or oversupply. The crude oil price cycle may extend over several years responding to changes in demand as well as OPEC and non-OPEC supply. Throughout much of the twentieth century, the price of U.S. petroleum was heavily regulated through production or price controls. In the post World War II era, U.S. oil prices at the wellhead averaged $28.52 per barrel adjusted
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Solutions to Quick Quizzes Chapter 1 1. There are many possible answers. 2. There are many possible answers. 3. The three principles that describe how the economy as a whole works are: (1) a country’s standard of living depends on its ability to produce goods and services; (2) prices rise when the government prints too much money; and (3) society faces a short-run tradeoff between inflation and unemployment. A country’s standard of living depends largely on the productivity of its workers, which
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Chapter 13 Aggregate Planning True / False Questions 1. Aggregate planning is intermediate-range capacity planning that typically covers a time horizon of one to three months. FALSE Difficulty: Medium TLO: 1 Taxonomy: Knowledge 2. The goal of aggregate planning is to achieve a production plan that attempts to balance the organization's resources and meet expected demand. TRUE Difficulty: Easy TLO: 1 Taxonomy: Knowledge 3. Aggregate planners are concerned
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information technology, even our cars could … call for bids whenever the fuel tank runs low, displaying a list of results from nearby gas stations right on the dashboard.”1 It sounds far-fetched. But dynamic pricing — where prices respond to supply and demand pressures in real time or near-real time — is making inroads in many different sectors, including apparel, automobiles, consumer electronics, personal services (such as haircuts), telecommunications and second-hand goods. The advent of the Internet
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different states or territories and 102 manufacturing sites in 40 other countries (Personal Care MarketWatch, 2011; Procter & Gamble, 2014). However, global manufacturing firms are experiencing problem associated with schedule instability and demand. Consequently, these problems are resulting in
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started to increase steadily after its major changes in price for the last one year. Demand, in economic terms, shows how much of a product consumers are willing to purchase, at different price points, during a certain time period. After all, we all have limited resources, and we all have to decide what we're willing and able to purchase, and at what price. As an example, let's look at a simple model of the demand for a good – let's say gasoline. If the price of gas is $2.00 per litre, people may
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information technology, even our cars could … call for bids whenever the fuel tank runs low, displaying a list of results from nearby gas stations right on the dashboard.”1 It sounds far-fetched. But dynamic pricing — where prices respond to supply and demand pressures in real time or near-real time — is making inroads in many different sectors, including apparel, automobiles, consumer electronics, personal services (such as haircuts), telecommunications and second-hand goods. The advent of the
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