Concise mathematical formulation for your base case model

Assignment Help Operation Management

Reference no: EM132303835

A. Show a graphical (bubble diagram or influence diagram) depiction of the variables and the relationships between them.

B. Write a concise mathematical formulation for your base case model and describe briefly in words how you will use it

(A mathematical model is: a list of variables and the relationships between them / equations, e.g., using notation from algebra

For variables that repeat, use a single letter in the model, so that if it appears with subscripts later on, it will be easy to follow. Example

p: Price (this would allow you to later use the notation pi to denote the price of product i when writing about the model).)

Problem: Sheldon wants to know whether the Cuban cigars or the Aruban cigars will be more profitable. For branding reasons, Sheldon has to decide on business plan now, and orders will have varying terms over the coming year, such as the unit cost of orders, cost of placing order, the price he will sell the cigars at, and the quantity he will sell.

Reference no: EM132303835

Questions Cloud

Constraints affect the project of construction : Can you explain how the following constraints affect the project of construction of a factory used to manufacture plastic bricks .

Difference between research and assessment : Summarize the differences between Waterfall, Scrum and Kanban processes. Difference between research and assessment.

Select the minimum pay and retirement practices : Select the minimum pay and retirement practices of one (1) of the countries discussed.

What conclusions can you draw from distribution of products : Tabulate your results at the bottom of each column. What conclusions can you draw from the distribution of your products?

Concise mathematical formulation for your base case model : Write a concise mathematical formulation for your base case model and describe briefly in words how you will use it

Concepts of self awareness and self-management : We talked about Kouzes and Posner’s concepts of Modeling the Way and Vision, Goleman’s concepts of SelfAwareness and Self-Management,

Target customers with online grocery shopping and delivery : Many retailers have been trying to target customers with online grocery shopping and delivery.

Collect fees both the customers and the retailer : Why should credit card companies get to collect fees both the customers and the retailer?

Determine whether your business strategy : Determine whether your business strategy would be best leveraged by a centralized or decentralized organizational structure.

User Account

All Pages