Reference no: EM131270265
Operations and the Economy:
The US economy is clearly a lot better than the collapse in 2008. The big three automakers are actually all profitable. The Maryland state budgets are dismal but you can see the growth in terms of new construction all over the state, both residential and commercial. However, there are serious problems still with the economy. Naturally, like any other American (or Chinese, or Latvian, or any other people) you are most concerned with what affects you directly. For example, I am thrilled with the discounts I am getting at Burger King, or with the special deals at Checkers. It is known that McDonalds is doing well and Burger King is not. An operation must adjust to the economy around it in order to survive. Some of the operational measures taken in hard times are offering discounts, offering a new range of low cost products, cutting hours to reduce costs, layoffs to reduce production and cost, reducing staff, etc. Can you give some examples of these that you have observed? You should also discuss how effective these measures are. For example, if staff is laid off and there is neither a person nor a system to help a customer, you end up with an irate customer and lost sales.
Talking about cheap products, have you seen any new cheap offering from Apple? And yet, Apple is doing very well with billions of dollars in profits. My explanation is that Apple is a differentiated product, just like Mercedes Benz. People who buy high-end differentiated products are not troubled by economic situations. Has Nordstrom dropped its prices? Discuss these economic situations in the light of operational decisions.
All eyes are now on Europe as one country after another goes on the skids. I am sure the USD (US Dollar) is doing very well with respect to the EUR (Euro). This could be a great time to travel to Europe. I wonder if the travel industry is promoting Europe travel. US manufacturing is hurt by the Europe economy and canceled or postponed projects and orders. Discuss Europe vis-a-vis the US economy, and operational decisions that it leads to.
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Unplanned inventory investment equals
: Assume a closed economy with no government. Suppose that autonomous consumption equals $400, planned investment equals $500, and the mpc equals 0.9. 1. Using the information in Situation 20-1, if aggregate output is equal to $10,000, then unplanned..
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State is comprised of mostly rural areas
: You are the Director of Public Health for your state.(Any state) Your state is comprised of mostly rural areas. These rural areas do not have access to many state resources, especially in terms of medical care. As a director, it is your job to come u..
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Were there any components that were not entirely clear
: In order to ensure your viewers experience the full effect of your mock proposal, it is imperative that your voice and a visual presentation complement each other as you explain all nine of its components. Therefore, it is a requirement you inclu..
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Write boolean equations for the next state and output
: Describe in words what the state machine in Figure 3.69 does. Using binary state encodings, complete a state transition table and output table for the FSM. Write Boolean equations for the next state and output and sketch a schematic of the FSM.
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Operations and the economy
: The US economy is clearly a lot better than the collapse in 2008. The big three automakers are actually all profitable. The Maryland state budgets are dismal but you can see the growth in terms of new construction all over the state, both residential..
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How many states does the fsm have
: You are designing an elevator controller for a building with 25 floors. The controller has two inputs: UP and DOWN. It produces an output indicating the floor that the elevator is on. There is no floor 13. What is the minimum number of bits of sta..
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Dead weight loss a rising from monopoly equilibrium
: The marginal cost is graphed below, what is special or interesting about this marginal costfunction? Verify the monopolist equilibrium is (Q=20,P=60). What is the perfectly competitive equilibrium? Calculate dead weight loss a rising from the mono..
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Design a program that will gather a group of floating point
: Design and implement a Java program that will gather a group of floating point numbers and determine the sum and average of the data entered.
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Describe key elements of the role that congress plays
: Describe key elements of the role that Congress plays within the U.S. federal system, with particular focus on Congress' ability to reflect the will of the people. Support your argument with at least two concrete examples.
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