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In November 2005, six of Paris’s most luxurious hotels-including George V, Le Bristol, The Ritz, and Hotel de Crillon-were fined for colluding on room rates. Regular guests showed little concern-noting that, whatever the listed rack rate, it was always possible to negotiate substantial discounts. Using the prisoner’s dilemma model, can you explain why the hotels were able to collude over their listed rates but not over discounts?
The production process is most efficient when 12 units per day are produced at a cost of $119 per unit. Setup cost is $39. Inventory carrying cost at Johnson is determined to be 8 percent annually.
Calculate the economic order quantity (EOQ). What is the average time, in weeks, between orders if lot size of the EOQ is used. Find the safety stock and reorder point that provide a 96.5% cycle-service level. Hint: use standard normal distribution..
The manager of a fashionable restaurant open Wednesday through Saturday says that the restaurant does about 31 percent of its business on Friday night, 25 percent on Saturday night, and 18 percent on Thursday night. What seasonal relatives would desc..
Identify the fundraising strategies used by the foundation. How are the funds utilized? What percentages of the donations are diverted for administrative costs? Outline the obstacles in fundraising. Conclude your paper with your opinion on how suc..
Clearly describe Robert Nardelli's leadership style in terms of Leadership Theory, incorporating the following theories within your paper: State whether his actions were ethical or unethical.
Introduce a new special form of insurance for current business operating on a global scale with a deverse work force, which includes virtual employees.
how to compare and contrast the roles and responsibilities of the HRM department and the line departments in respect of the following fuctions
The population mean and standard deviation for a process for which we have a substantial history are 120 and 2.52, respectively. For the variable control chart, a sample size of 16 will be used. What is the three-sigma upper control limit for the pro..
Each week you will work on one aspect that will help you prepare for the course and reflect. Consider this Journal as study notes. This Journal will provide an opportunity to capture new ideas from knowledge gained and record your thoughts through..
This is part one of a two part assignment starting with an introductory look at process design and supply chains.
Identify the factors that would impact the demand for the product that you have selected. If you wish to develop a forecast of the demand for this product in a future month (or for other appropriate time period), identify what type of forecasting met..
Which strategic alternatives emerge from situation analysis. Which level of decision making would you target in your report-corporate, business or functional? It's for Integrative Business Strategy class.
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