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Question 1. What is driving the increase in outsourcing of supply chain activities? What are the most important decisions companies must take into consideration when deciding to outsource versus keeping them in house? How is technology impacting these decisions?
Question 2. Which of the new technologies mentioned in the chapter will impact supply chains the most in the next 3-5 years? Defend your answer. Use examples throughout.
Question 3. Discuss two or three examples where companies have applied information technology to make significant improvements in supply chain operations or offer new services to attract customers.
A firm's production function is given by Q = KL, where MPL = K and MPK = L. The wage rate (W) = $50 and the rental rate per unit of capital (R) is $12.50. In the short run, capital (K) is fixed at 10 units. The short-run average total cost of produci..
List and explain the 3 decision process questions confronting the producer in pure competition. 1) Total Revenue = price*quantity (TR=P*Q) 2).
A new engineer is evaluating whether to use a higher-voltage transmission line. It will cost $250,000 more initially, but it will reduce transmission losses.
Explain how Netflix focuses on the three functional concerns (product, peole, and support processes). Look at design and how it is delivered to the customer. Mention production and operations also.
a examine your y data excluding the hold out period to determine if it needs to be differenced to make it stationary.
How does a government agency raise revenue differently from a private company, and how does that affect the way government decisions are made.
suppose you are given the following data on household income distribution for the usa and chinese
Explain two reasons why Monopolistic competition is less efficient than Perfect Competition?
Presume real output is 12,500, and the demand for real money balances is Md/P = Y/4 - 125i. If the equilibrium interest rate is 7 %, compute the money supply. If the central bank sets the interest rate at 8 % what is the new money supply?
Last year the US low-cost-carrier Spirit Airlines entered the Dallas-Chicago market. The average ticket price for all airlines servicing the route fell from $200 to $180. After Spirit's entry, the number of passengers increased from 700 to 800 pe..
Assume you are the owner of a small cafe that employs 15 people, 10 of whom are front-line, unskilled workers, and currently paid the minimum wage. The state government is considering increasing the minimum wage. As a business owner, would you su..
The Energy Information Administration estimated that in 2012 American consumers spent 4 percent of their incomes on gasoline. Would the elasticity of demand likely be greater or less if consumers had spent 8 percent of their incomes on gasoline?
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