Homework__1

Homework__1 - Management Science & Engineering 369...

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Spring, 2008 Homework #1 Due: Beginning of class, April 17 Many homework questions in this class will be short answer. The goal of these questions is to have you think through the issues raised. To answer them, you don’t need to write a lot. Instead, distill your conclusions down and focus on a few key points. On the job, that’s all you’ll have a chance to say, and all people will listen to. A couple of sentences and a few bullet points is perfect. Also, you may discuss the assignments with other students, but the work you turn in must be your own. 1. Sourcing “portfolio management’ and performance Consider the following “toy” version of the portfolio builder game: There are four potential outcomes of demand and price uncertainty next month: Outcome Demand Price Probability #1 150 1.40 20% #2 130 1.25 30% #3 110 1.35 30% #4 85 1.05 20% Two sourcing contracts are in place for next month: 1. Fixed purchase commitment for 100 units at a price of $1.20.
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Homework__1 - Management Science & Engineering 369...

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