The best in future endeavors

Assignment Help Microeconomics
Reference no: EM13844127

Write your own personal statement.

1. Describe how you feel you improved your knowledge, skills, abilities, and yourself in this class.

During the course of eight weeks, I have learned invaluable economic principles and the relationship of transportation economics focused on transportation tools that drive overall supply chain operations.  Some of those tools include successful business models, Advanced Planning and Scheduling System (APS), types of containers, tax strategies, etc. Each tool explained the relationship and its impact to the transportation economics. They were critical pieces of information for me to grasp the concept of transportation economics which helped me further understand each processes as pieces of puzzle and the assignments on case studies helped me to think in depth by identifying and evaluating the problem and suggesting possible solutions to the problem.

2. Evaluate the work you did during this class and explain ways you could have performed better.

In one of the business models we have researched, I have found interesting countermeasures of Push and Pull because of their characteristics and benefits that leads to company's success. In the post on the agenda, I have used United States Air Force (USAF) as an example of a successful organization amongst the other supply chain private sector companies specialized in the concept of Push only. I would like to take this time to re-address that the USAF supply chain operations specialize in both Push and Pull. I think I was trying to emphasize our mission to increase stockage effectiveness to reduce urgent backorder requisitions affecting mission downtime. However, USAF specializes in both Push and Pull to meet the mission agendas and I apologize on providing misinformation of our supply chain operations business model.

3. Assess the course objectives you still do not understand and suggest how to improve the course to meet those objectives.

I understood the course objectives as the resources helped me understand better. Through the course, I have learned a lot in the economic side of logistics. They were eye-opening learning experience as I did not know what to expect when I signed up for the course. I was expecting agendas on effective measures of each transportation modes and go in depth into details in comparison. However, the course took me on new perspectives on basic economics measures in logistics which I greatly appreciate because it was what I wanted to learn about.

4. List ways you might measure the future effects of what you have learned in this course or your future progress/improvement.

I measure the future effects of what I learned in the course by relating objectives in my current job in the Air Force. As I have explained above, I like to compare and implement what I have learned in my classes to my job because I can relate better to the objectives of each course. Furthermore, I can practice the concepts which help me absorb knowledge and information better. 

Thank you all for your inputs because I have learned a lot from different perspectives and Professor Reeves' help was vital on getting through the past eight weeks. I wish you all the best in future endeavors.

Reference no: EM13844127

Questions Cloud

Organizations business requirements-strategic plan and goals : Management of a technology solution is one that must align closely with an organization’s business requirements, strategic plan and goals. With this in mind, please discuss the benefits derived from such an alignment.
Deflation always being better than inflation : 4. "I'd rather have a 1% pay cut when prices fall by 3% than a 5% pay increase when the rate of inflation is 8%." This is an example of: A.  Irrationality B.  Rising real wage C.  Deflation always being better than inflation
Continuous-review-periodic-review inventory control models : Which of the following statements is INCORRECT regarding the level curves of the same objective function? Which of the following statements is INCORRECT regarding the continuous-review and periodic-review inventory control models?  The number 100 is ..
Calculate the final molarity of barium cation in solution : calculate the final molarity of barium cation in the solution
The best in future endeavors : 1. Describe how you feel you improved your knowledge, skills, abilities, and yourself in this class. During the course of eight weeks, I have learned invaluable economic principles and the relationship of transportation economics focused on transport..
Capacity utilization rate-capacity focus and flexibility : Jill is concerned that the latest short term demand forecast for dog grooming at her fifteenth street dog salon is higher than her salon capacity. As she doesn't want to turn business away, she must find a solution to optimizing the capacity utilizat..
What is the maximum firing range of the cannon : what is the maximum firing range of the cannon
Discuss how this scenario relates to producer : Discussion Question: 1.Assume that you were ready to buy a custom tailored dress (or men's suit) and you are prepared to pay up to $200 for it. Also assume that the tailor is prepared to sell that item of clothing for as little as $100.When you arriv..
Define role of culture-strategic leadership-entrepreneurship : Define the role of culture, organizational structure, strategic leadership and entrepreneurship in the overall planning process.

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd