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Do you think simulations can be used to address most business problems? Why?
Can you describe a problem where simulation analysis would not work well? Why?
Feel free to frame the answers around the fact that results from simulations change based on different replications/emulations of the target system (due to randomness in the generation of the events).
The Texas Transportation Institute at Texas A&M University conducted a survey to determine the number of hours per year drivers waste sitting in traffic.
What does Ray Kroc attribute to his success in the movie founder?
Assume our typical Cobb-Douglas production function, in per capita terms,y=Ak^(1/3).Also assume capital accumulates such that change in kt+1=Sy-dk. What is the solution of the Solow model for consumption per person in the steady state, c*=C*/L*? How ..
Do you think that integrated delivery systems will be more or less prevalent in the future? Explain your answer.
What is the consumer's opportunity set with the "buy one, get one free" deal and with a 50 percent discount?
What actions may employers take when minimum wage legislation is passed? Are you in favor of or against minimum wage legislation?
Assume that the equilibrium price of DVD players increases and the equilibrium quantity increases. Illustrate which of the following best fits the observed data.
1.The city of Chambana has a large number of video poker arcades. The demand by patrons for the games (in thousands per week) is Qd = 120 - 3P and the supply is
If due to over-harvesting of coconuts they become more difficult to acquire, taking 2 hours to pick one coconut, Illustrate what combination will maximize utility.
ESPN pays the NFL $1.1 Billion per year for 8 yrs for the right to exclusively televise football. What is the NPV of the investment
Kellogg's and General Mills have their market dominance for over a century. Sprint and T-Mobile have both been hard hit by competition
Identify a PLC company that uses strategic management - this company may be prosperous, booming, in decline, or in economic difficulties.
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