Course Hero has millions of student submitted documents similar to the one
below including study guides, practice problems, reference materials, practice exams, textbook help and tutor support.
Find millions of documents on Course Hero - Study Guides, Lecture Notes, Reference Materials, Practice Exams and more.
Course Hero has millions of course specific materials providing students with the best way to expand
their education.
Below is a small sample set of documents:
Broward College - BSC - BSC1086
Viral Meningitis and Encephalitis1. Encephalitis1.1. BackgroundEncephalitis indicates inflammation of the brain. Meningoencephalitis signifiesinflammation of both the brain and meninges. Myelitis is inflammation of spinal cord. Clinically the terms a
Broward College - BSC - BSC1086
Viral Meningitis and Encephalitis2. RabiesRabies can present as a form of encephalitis.The virus is transmitted from animals tohumans by salivary contamination of a bite or wound.Dogs, cats, bats and other animalsmay transmit the disease. The virus i
Rutgers - GEOGRAPHY - 450:101
16:58PhysicalGeographyCulturalGeographyTheSolarSystemFormationofthesolarsystemThesizeandshapeoftheEarthTheGeographicGridLocationontheEarthGreatCirclesLatitudesLongitudes(Meridians)PrimeMeridian(England)EarthSunRelationsRotationoftheEarthEart
Harvard - STRATEGY - Om121
IntroductionWiththeideasprungin1950,itwasmanifestedin1955intheformof MahanagarMunicipalDairy (MDfromnowon.Yes,itshouldhavebeenMMD,butwealllovetheTVShowHouseMD).The organizationwasformedtoassuresupplyofqualitymilkatreasonablepricestothecity.Ithas recen
Harvard - STRATEGY - Om121
For LPPMakeWhole MilkToned MilkDouble TonedCow MilkTotalProcuredMax Sweet MilkSurplus for bye-productsBottling Ratio0.0013,695,087.21892,300.00602,035.7915,189,423.001101%age Fat Present % Fat neededN/A3.00%1.50%3.50%Whole MilkTo
Harvard - STRATEGY - Om121
Answers-question 20Quiz 1PGP IMorning sessionQuestion 20 (morning session)Price ofPizza20016012080401401101008060504020Quantity ofPizzaQuestion 20 (evening session)FamilyMemberSachinMayaRohanRitaFAMILYDemandD = 100 - 2PD =
Harvard - STRATEGY - Om121
SessionIIIConsumerBehaviourMicroeconomicsforManagersPGPIProblem1Whichoftheseutilityfunctionsareconsistentwithconvexindifferencecurveandwhicharenot?1.u(x,y)=2x+y 2.u(x,y)=(xy)1/2 3.u(x,y)=Min(x,y)Problem2(PRMexercise4.ch.3)SachinandSaurabheachp
Harvard - STRATEGY - Om121
Microeconomics for ManagersPGP-IWhich of these utility functions are consistentwith convex indifference curve and which arenot?1. u(x, y)=2x+y2. u(x,y)=(xy)1/2 cfw_Cobb-Douglas 3. u(x, y)=Min(x, y)Sachin and Saurabh each plan to spend Rs.20,000 o
Harvard - STRATEGY - Om121
SessionIIIConsumerBehaviourMicroeconomicsforManagersPGPIProblem1Whichoftheseutilityfunctionsareconsistentwithconvexindifferencecurveandwhicharenot?1.u(x,y)=2x+y 2.u(x,y)=(xy)1/2cfw_CobbDouglas 3.u(x,y)=Min(x,y)Problem2(PRMexercise4.ch.3)Sachin
Harvard - STRATEGY - Om121
Microeconomics for ManagersTerm- IBased on his preferences, Mihir is willing totrade 4 movie tickets for 1 ticket to an IPLmatch. If movie tickets cost Rs. 200 each anda ticket to the IPL match costs Rs.1000,should Mihir make the trade? Give reasons
Harvard - STRATEGY - Om121
SessionIIConsumerBehaviourMicroeconomicsforManagersTermIProblem1:Basedonhispreferences,Mihiriswillingtotrade4movieticketsfor1tickettoanIPLmatch.IfmovieticketscostRs.200eachandatickettotheIPLmatchcostsRs.1000,shouldMihirmakethetrade?Givereasons.Sc
Harvard - STRATEGY - Om121
Characteristics approach: Session plan1. Characteristics or attributes of the product rather than the product itself-Example: Youprefer a certain food over other because it contains certain characteristics such as tastes,nutrients, flavours etc-So util
Harvard - STRATEGY - Om121
PGP ITerm IOrdinal utility levelIC5=U5IC4=U4IC3=U3IC1=U1IC2=U2G1G2G2BL3BL1 BL2ABCG1SubstitutioneffectIncome effectG2BL3BL1 BL2CABIncome effectSubstitutioneffectG1G2BL3CABL1BL2BSubstitutioneffectIncome effectG1Per
Harvard - STRATEGY - Om121
SessionV:DemandanalysisIIPGPITermIIndifferencecurvein3dimensionalspaceOrdinalutilitylevelIC5=U5IC4=U4IC3=U3IC1=U1IC2=U2G1G2IncomesubstitutioneffectG2NormalgoodsBL3BL1 BL2ABCG1SubstitutioneffectIncomeeffectIncomesubstitutioneffec
Harvard - STRATEGY - Om121
PGP ITerm IG2100Budget line: 50G1+50G2=5000Budget line:200G1+50G2=5000Budget line:100G1+50G2=50002550100G1q2p1q1=q1(p, I)200PCC10050q1d1204580q1Depicts the relationship between price andquantity demanded at that priceWe achieve
Harvard - STRATEGY - Om121
SessionIV:DemandanalysisPGPITermIBudgetline:ChangeinPriceG2100Budgetline:50G1+50G2=5000Budgetline:200G1+50G2=5000Budgetline:100G1+50G2=50002550100G1DerivationofDemandcurveq2p1q1=q1(p,I)200PCC10050q1d1204580q1Demandcurve:Depi
Harvard - STRATEGY - Om121
PGP ITerm IStatistical approach (econometric approach)Qualitative approach (survey method)Direct market experimentsManagement of an auto lubrication servicewould like to know the sensitivity of demand(example from Png and Lehman).Regression analys
Harvard - STRATEGY - Om121
SessionVIDemandEstimationPGPITermIDemandestimationStatisticalapproach(econometricapproach) Qualitativeapproach(surveymethod) DirectmarketexperimentsStatisticalapproachManagementofanautolubricationservicewouldliketoknowthesensitivityofdemand(exam
Harvard - STRATEGY - Om121
Microeconomics for managersPGP IMarket power or price setting behaviourExternality (positive and negative)Public goodsInformation asymmetryPriceMSCS=MCP*P1MECQ* Q1QuantityPriceMSCS=MC+tS=MCP*P1P*MECQ* Q1QuantityPriceMSBMCDP*P1
Harvard - STRATEGY - Om121
ExternalityandPublicGoodsMicroeconomicsformanagersPGPISourcesofmarketfailureMarketpowerorpricesettingbehaviour Externality(positiveandnegative) Publicgoods InformationasymmetryNegativeExternalityPriceMSCS=MCP*P1MECQ* Q1QuantityPigoviant
Harvard - STRATEGY - Om121
Microeconomics for managersPGP ICompulsory attendanceNo late comers will be allowed in.Random checks and heavy punishments forproxy (both parties).No disruption will be tolerated.ComponentMid-Term ExamEnd-Term ExamSurprise QuizzesClass Particip
Harvard - STRATEGY - Om121
BasicEconomicConceptsMicroeconomicsformanagersPGPIRulesCompulsoryattendance Nolatecomerswillbeallowedin. Randomchecksandheavypunishmentsforproxy(bothparties). Nodisruptionwillbetolerated.EvaluationComponentWeightMidTermExamEndTermExamSurpri
Harvard - STRATEGY - Om121
PGP ITerm IEntry barrier: Natural or artificialProduct differentiation: horizontal or verticalNature of competition: Perfect competition: None of the above Monopoly: High entry barrier, no productdifferentiation Monopolistic competition: Low entry
Harvard - STRATEGY - Om121
SessionXIIV:Monopolisticcompetition,GamesandOligopolyPGPITermISourcesofmarketpowerEntrybarrier:Naturalorartificial Productdifferentiation:horizontalorverticalNatureofcompetition:Perfectcompetition:NoneoftheaboveMonopoly:Highentrybarrier,noproduc
Harvard - STRATEGY - Om121
PGP ITerm ISuppose you are the manager of a watch making firmoperating in a competitive market. Your cost ofproduction is given by C = 200 + 2q2, where q isthe level of output and C is total cost. (The marginalcost of production is 4q; the fixed cos
Harvard - STRATEGY - Om121
SessionXII:MonopolyandMarketPowerPGPITermIExerciseSupposeyouarethemanagerofawatchmakingfirmoperatinginacompetitivemarket.YourcostofproductionisgivenbyC=200+2q2,whereqisthelevelofoutputandCistotalcost.(Themarginalcostofproductionis4q;thefixedcosti
Harvard - STRATEGY - Om121
Session II and III-ConsumerBehaviour(or, Rational choice theory)Microeconomics forManagersTerm- IScope and ObjectiveCB In Economics teaches-how a consumermakes rational choices in the market givenlimited resources.Rationality Sanity. Very crudel
Harvard - STRATEGY - Om121
PGP ITerm IPAConsumersurplus50S14030ProducersurplusCBED1QPCS=-A-BPS=A-CTS=-B-CDeadweightlossS1P1BCAShortagePmaxD1Q1Q2Q3QInefficient allocation among consumersInefficient allocation of resources due to nonproduction and
Harvard - STRATEGY - Om121
SessionVII:PriceControl,TaxandSubsidyPGPITermIConsumerandproducerSurplusPA50ConsumersurplusS14030ProducersurplusCBED1QImpactofpricecontrolPCS=ABPS=ACTS=BCDeadweightlossS1P1PmaxBCAShortageD1Q1Q2Q3QImpactofpricecont
Harvard - STRATEGY - Om121
PGP ITerm IProduce at least cost given the productiontechnology and input prices.Supply output to the level that profit ismaximized (todays discussion)Separation of ownership and control andrevenue maximization goalProfit=Total Revenue-Total Cost
Harvard - STRATEGY - Om121
SessionXI:ProfitMaximizationandCompetitiveSupplyPGPITermIFirmsobjectivesProduceatleastcostgiventheproductiontechnologyandinputprices. Supplyoutputtothelevelthatprofitismaximized(todaysdiscussion) Separationofownershipandcontrolandrevenuemaximiza
Harvard - STRATEGY - Om121
INDIAN INSTITUTE OF MANAGEMENT INDOREPGP 1 / Term 1 / 2011-12Microeconomics for Managers Quiz1TIME: 20 MinutesMARKS: 25NAME (CAPS):_ _ SECTION_Instructions:1. There are 20 questions and 4 pages in the question paper.2. Use ink pens for writing. Un
Harvard - STRATEGY - Om121
INDIAN INSTITUTE OF MANAGEMENT INDOREPGP 1 / Term 1 / 2011-12Microeconomics for Managers Quiz2 (Set 1)TIME: 20 MinutesMARKS: 20NAME (CAPS):_ _ SECTION_Instructions:1. There are 20 questions and 4 pages in the question paper.2. Use ink pens for wri
Harvard - STRATEGY - Om121
INDIAN INSTITUTE OF MANAGEMENT INDOREPGP 1 / Term 1 / 2011-12Microeconomics for Managers Quiz2 (Set 2)TIME: 20 MinutesMARKS: 20NAME (CAPS):_ SECTION_Instructions:1. There are 20 questions and 4 pages in the question paper.2. Use ink pens for writi
Harvard - STRATEGY - Om121
INDIAN INSTITUTE OF MANAGEMENT INDOREPGP 1 / Term 1 / 2011-12Microeconomics for Managers Quiz1TIME: 20 MinutesMARKS: 25NAME (CAPS):_ _ SECTION_Instructions:1. There are 20 questions and 4 pages in the question paper.2. Use ink pens for writing. Un
Harvard - STRATEGY - Om121
First Session- 1 hr 15 minutesSlide 1: Introduction to the teacherRules of the game (examination, class rules, office hours etc)Slide 2: What is MicroeconomicsEconomic agents (consumer, firm etc)How it differs from Macroeconomics (which we will study
Harvard - STRATEGY - Om121
Microeconomics for managersPGP IProduction technology (constraint)Cost of inputsInput choicesObjective: Cost minimizationProduction set: Technological feasibilityProduction function q=F(K,L): Maximum possibleoutput from a given level of input comb
Harvard - STRATEGY - Om121
TheoryofproductionandcostMicroeconomicsformanagersPGPIProductiondecisionofafirmProductiontechnology(constraint) Costofinputs InputchoicesObjective:CostminimizationProductiontechnologyProductionset:TechnologicalfeasibilityProductionfunctionq=F(K
Harvard - STRATEGY - Om121
MICROECONOMICSFOR MANAGERSOindrila DeRahul NilakantanSiddhartha K. RastogiObjectivesRole of Economics in managerialdecision-makingIntroduce economic tools of analysisDevelop critical thinking and analyticalskills to apply under different busines
Harvard - STRATEGY - Om121
Journal EntriesDate2005AprilParticulars6 Carriage A/c Dr.To D'Souza Bros.A/cDebit (Rs.)Credit (Rs.)505015 Insurance Company A/c Dr.Loss by Fire A/c Dr.To Goods lost by Fire A/c160040015 Goods Lost by Fire A/c Dr.To Purchases A/c200018 B
Harvard - STRATEGY - Om121
Duality:Merton TrucksPrimal and DualMax Z=3000 X1 + 5000 X2Min Z=4000 Y1 + 6000 Y2 +5000 Y3 +4500 Y4Dual PriceP1: X1 + 2X2 <=4000(Y1)P2: 2X1 +2X2<=6000(Y2)P3: 2X1<=5000(Y3)3X2 <=4500(Y4)P4:X1, X2 >=0D1: Y1 + 2Y2 + 2Y3 <=3000D2: 2Y1 +2Y2 +
Harvard - STRATEGY - Om121
Duality in Linear Programming4In the preceding chapter on sensitivity analysis, we saw that the shadow-price interpretation of the optimalsimplex multipliers is a very useful concept. First, these shadow prices give us directly the marginal worthof an
Harvard - STRATEGY - Om121
AIngredients/QuantityProteinsCarbohydratesCost/UnitObjective functionCostConstraintsWeightCarbohydratesProteinsunitsB300.20.158200.40.44320Produced50 =12.5 <=14 >=30 >=5012.5155
Harvard - STRATEGY - Om121
Microsoft Excel 12.0 Answer ReportWorksheet: [Book2]Sheet1Report Created: 25-07-2010 12:02:52Target Cell (Max)CellName$E$5 Objective functionOriginal Value12.25Final Value112.5Adjustable CellsCellName$B$3 Units to be Produced Bread$C$3 Unit
Harvard - STRATEGY - Om121
Microsoft Excel 12.0 Answer ReportWorksheet: [Book1]Sheet1Report Created: 04-09-2009 22:16:52Target Cell (Max)CellName$B$9Original Value94249334.4144Adjustable CellsCellName$B$2$B$3$B$4$B$5$B$6$B$7Original ValueFinal Value75957.0589427
Harvard - STRATEGY - Om121
Linear Programming Formulation ProblemsFor the following problems, formulate as linear programs, but do not attempt to solve using the graphic solution or thesimplex method.1. A store sells men's and women's tennis shoes. It makes a profit of $1 per pa
Harvard - STRATEGY - Om121
Microsoft Excel 12.0 Answer ReportWorksheet: [Book4]Sheet1Report Created: 24-07-2010 20:32:33Target Cell (Min)CellName$B$5 Objective Function L1Original Value4Final Value1150Adjustable CellsCell$B$2 Units L1$C$2 Units L2Original Value12F
Harvard - STRATEGY - Om121
Microsoft Excel 12.0 Answer ReportWorksheet: [Book3]Sheet1Report Created: 24-07-2010 19:54:07Target Cell (Max)CellName$B$7 Total Profit Objective FunctionOriginal Value3.4Final Value408Adjustable CellsCellName$B$2 Units Men Shoes$C$2 Units
Harvard - STRATEGY - Om121
Microsoft Excel 12.0 Answer ReportWorksheet: [Merton Truck Company.xlsx]Sheet1Report Created: 03-08-2010 19:31:55Target Cell (Max)CellName$B$8 Objetive Function Model 101Original Value Final Value7500000 10999999.9242Adjustable CellsCellName$B
Harvard - STRATEGY - Om121
Microsoft Excel 12.0 Answer ReportWorksheet: [Merton.xlsx]Sheet1Report Created: 01-08-2010 04:31:25 PMTarget Cell (Max)Cell$D$7 ContributionAdjustable CellsCell$B$4 Model 101$C$4 Model 102NameOriginal Value11000000Final Value11000000NameOr
Harvard - STRATEGY - Om121
Merton Truck CompanySubmitted by : - Section-CAnoop KumarDebashish ChatterjeeHimanshu ChouhanMontu AdaniNeha GoelSuneel NanduriYogesh YadavGroup3: Anoop,Debashish,Himanshu,Montu,Neha,Suneel,YogeshPage 1Merton Truck CompanyAns1Letx1=No of Mod
Harvard - STRATEGY - Om121
Chapter 7Chapter 7Duality TheoryDuality Theory).1The theory of duality is a very elegantand important concept within thefield of operations research. Thistheory was first developed in relationto linear programming, but it hasmany applications, a
Harvard - STRATEGY - Om121
Decision VariablesObjectiveConstraints:1 Production capacity2 Yarn Availability 40s3 Yarn Availability 60s4 Sales constraint Lungi5 Sales constraint ShirtConstraints for subsequent plans6 Maximize Lungi Production7 Avg pay of weavers should be 2
Harvard - STRATEGY - Om121
60*4040*4040s60sLSXY1234L11000Obj FnLoom days40s yarn60s yarnPC lungisPC shirtingZmax=Constriants12345Wages2468S96000.9L0.2060.0040.001.000.000.6 .=S0.08100.000.000.001.00Variable Cost4.51.5Eq 10450009
Harvard - STRATEGY - Om121
No. of Caseslbs / caseabProfit $ / Casex1x2x3218220125311301-0.010.080.55Obj fnMaximisesubj to0.69C1148 <=256 <=24000009600000
Harvard - STRATEGY - Om121
Solutions for Formulation Problems1. X1 = # pr men's, X2 = # pr women's6. Xb = # loaves bread, Xc = # cakes, Xp = # pizzasMax P = $1X1 + $1.20X2Max P = $0.75Xb + $2Xc + $2.50XpSubject to:Subject to:2X1 + 3X2 960 (min)1Xb + 5Xc +3Xp 1502X1 + 1X2 4
Harvard - STRATEGY - Om121
Solver We will use Solver, an Excel add-in, to solve LinearProgramming problems. Add-In: An additional piece of software that Excelloads into memory when needed. In Excel, go to ToolsAdd Ins, put a check beside theSolver option and click OK. Note:
Harvard - STRATEGY - Om121
Microsoft Excel 12.0 Answer ReportWorksheet: [Steel enterprises.xlsx]Sheet1Report Created: 24-07-2010 10:43:42Target Cell (Max)CellName$E$12 Profit TotalOriginal Value61Adjustable CellsCellName$C$8 Units to Make Camshafts$D$8 Units to Make Ge
Harvard - STRATEGY - Om121
DestinationSourceABCDemandQuestion1NSEW86109912137149165452030Supply35504030What is the effect of increasing the demand at S by 10 units and decreasing the demand at W by 10 units (simultaneously) ?DestinationSourceABC
Harvard - STRATEGY - Om121
Dear All,Please find the attached three practice problems(increasing difficulty) for your practice.UseNorthwest corner method to generate the initial feasible solution.(You will see that allocationusing Northwest method results in less than M+N-1 alloc
Harvard - STRATEGY - Om121
Transportation problemsIn D1 you studied linear programming problems and theirsolutions using the simplex algorithm. In this chapter and the nextone the solutions of two special types of linear programmingproblems are considered by methods other than