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Select one of the 3 cases in chapter 2.
Describe the system and the issues that were faced. Describe your views on how the system was addressed. What are the basics characteristics of systems?
Business Dynamics: Systems Thinking and Modeling for a Complex World (Sterman, Chapter 2)
Describe system dynamics and how they are applied.
Observe various cases where the application of systems dynamics was applied.
Define the principles for the successful use of systems dynamics.
How has land use in your community contributed to severity of storms in your area? What are some modifications you think should happen that could better prepare
On June 1, year 2, Pitt Corp. sold merchandise with a list price of $5,000 to Burr on account. Pitt allowed trade discounts of 30% and 20%. Credit terms were 2/15, n/40 and the sale was made FOB shipping point. Briefly define each of Walton & McKersi..
Explain how their current structure is used in their strategy. It may be helpful to locate their mission and vision statements.
Compute the multifactor productivity measure (output in sales dollars) for each week using the data provided below for the production of chocolate bars. Assume 45-hour weeks and an hourly wage of $14. Overhead is 2.5 times the total weekly labor cost..
Establish Rapport with Customer - by agreeing to discuss what the customer wants to achieve.
Why is it important to create an internal IT governance committee that reports to the board of directors?
You want to learn more about any topic like ethanol as an alternative fuel for motor vehicles.
Read the referenced article that fully describes the management science study summarized in the application vignette presented in Section 6.1. Briefly describe how the model for a special type of minimum-cost flow problem was applied in this study. H..
Briefly describe a company and its business strategy (must be one of the three strategies from Figure 13.9 or one specified in the Seminar). Briefly identify a business process used by the company that does not match the company's strategy.
Our third critical thinking exercise deals with concepts of a company’s diversification and expansion into other industries, as discussed in chapter 8.
Social profiles and crowdsourced ratings can improve trust, but they can also create opportunities for fraud and discrimination.
What factors can impact a company's decision to employ batch, mass, or continuous production? Are these factors consistent in specific industries? Please explain.
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