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Chandler Oil Company has 5000 barrels of oil 1 and 10000 barrels of oil 2. The company sells two products: gasoline and heating oil. Both products are produced by blending oil 1 and oil 2. The quality level of each oil is as follows: 10 for oil 1; 5 for oil 2. Gasoline must have an average quality level of at least 8, and heating oil at least 6. Demand for each product must be created by advertising. Each dollar spent advertising gasoline creates 5 barrels of demand and each dollar spent on heating oil creates 10 barrels of demand. Gasoline is sold for $25 per barrel, heating oil for $20. Formulate and solve an LP to help Chandler maximize profit. Assume that no oil of either type can be purchased. Please also clearly define the decision variables
1. "Management Decisions" Please respond to the following: Describe how a company's ethical standards are aligned with its decision-making approach (es) and how you would be certain that ethical decisions were being made. 2. From the perspective..
you have just been hired to head up the european offices of a major soft drink distributor based in the united states.
You have been asked to return to your alma mater and speak to current students about performance management issues. Explain the concept of performance management. Identify the most prominent types of performance management plans. Compare the plans im..
Consider a firm where the effort undertaken by managers can affect cash flows in the next period. For simplicity, assume managers either exert low effort or high effort. Assume that investors cannot observe effort. Assume that, with low effort, the f..
Provide an example of a company that has done a total “turnaround”. Determine if the turnaround has been effective and improved its profitability. Examine changes and developments that are currently taking place in the field of HR management. Predict..
The product life cycle refers to the stages a product goes through as it exists in the market from its first introduction to its final withdrawal. Name the 4 stages, describe each one, and give an example for each in regard to health care. Vertical m..
1)How important is it that the GM be good at networking? As a GM, discuss five specific steps you could take to ensure that the least experienced of your sales team rapidly develops networking proficiency.
Many people feel that there are simply too many laws and regulations governing how companies may manage their employees. These people believe everyone would be better off if we let the free market work without so much government interference.
discuss the advantages and disadvantages that are associated with laying out a project plan using project management software versus not using project management software. Provide a rationale for your response.
Discuss some factors that health services managers must consider when setting a firm’s target capital structure. Consider not-for-profit firms in your answer.
Discuss and debate which side of the issue you most favor regarding judges being presented with potential sentencing costs before they render a sentence. discuss your reasons and the sentencing options you might recommend to the judge in the case of ..
What are some processes and techniques that you would suggest to make the budgeting process work well? Start with general but also provide some specifics as relate to creating detailed project budgets. Be sure to justify why you think your recomme..
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