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a) Discuss how the Principles of Causation have aided you to successfully compete in the Marketplace simulation. Use the framework reproduced below. You need to show that you understand the principles and how such knowledge assisted your competitive effort. Illustrate your answer with at least two specific examples. Also include a brief discussion of “productivity”. Causation (Goal Oriented Activity) Basic requirements 1. Association between cause (C) and effect (E); 2. Time order of occurrence (C precedes E); 3. a) Elimination of alternative explanations b) Model the causal process. Complicating issues: i) Uncontrollable factors -natural variation -competitive response ii) Interaction effects (e.g. nature of a “sale”) iii) Lagged (delayed) effects iv) Non-linear response patterns v) Multiple effects vi) Impact of nature of target market or context
Take the Ethics Awareness Inventory and Ethical Choices in the Workplace assessments to assess your values. Write a paper of no more than 700 words in which you do the following:
Compute L and Lq for the number of trunk lines you determined.
Consider an end item composed of a single component. Demand for the end item is 20 inweek 1, four in week 2, two in week 3, and zero until week 8 when there is a demand of 50. Currently there are 25 units on hand and no scheduled receipts. For the co..
What recommendations would you make to improve the effectiveness of today's boards of directors? What is the relationship between corporate governance and social responsibility?
The cause-and-effect diagram is important in determining causes and effects of a problem. The cause-and-effect diagram is also known as the Ishikawa diagram
Describe the data: 1. Is it qualitative or quantitative? 2. What is the level of measurement: nominal, ordinal, interval, or ratio? 3. What is the most appropriate measure of central tendency? 4. What is the most appropriate measure of dispersion? 5...
Due to the physical separation of these 2 steps, an additional delay of 0.5 days is allowed for transportation. If daily demand = 13 units, Elucidate what is the production. Lead Time between Steps 1 also 2.
Jim Smith has worked for the ABC Insurance Company for the past twenty-three years. Jim graduated with a top-notch accounting degree and he also has his MBA. Bar none, Jim is considered by everyone in his organization to be a brilliant accountant. At..
What are the chief elements of the strategy that Whole Foods Market is pursuing?
Develop the portion of the simplex tableau involving the objective function coefficients, the coefficients of the variables in the constraints, and the constants for the right-hand sides.
A Treasury bond that matures in 10 years has a yield of 4%. A 10-year corporate bond has a yield of 8%. Assume that the liquidity premium on the corporate bond is 0.8%. What is the default risk premium on the corporate bond?
Draw a decision tree and describe the best course of actions for the head of operations.
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