Chapter 2
2)
a.) As the research was to detemine most likeble coffee taste by
each participants, each participant should taste all 4 blends. The
total of 400 smaples should have been tasted between 100
participants.
b.)
1/4
c.)
Blend
0.25
Preference
1
20
Assignment 4
1)
a.
b)
Optimistic Approach
Decision Alternative
D1
D2
State of Nature
250 Best decision is D1
100
Conservative Approach
Decision Alternative
D1
D2
State of Nature
25
75 Best decision is D2
Minimax Regret Approach
Decision Alternative
D1
D2
1)
a)
Optimal Solution is A=7, B=3
b)
Optimal solution stays the same
Value of the objective function
c)
Value of the objective function
41
Optimal Solution is A=4, B=6
d)
Value of the objective function
Obejective function coeffient for variable A can ch
8) a.
Product 1
Product 2
Profit from per Product 1
Profit from per Product 2
Hours to Produce Product 1
Hours to Produce Product 2
Total Production capacity hours
Mathematical Model
S.T
X
Y
$10
$5
5
2
40
P(x+y)
=
10X
5X
X
+
2Y
Y
b.
Controlable inputs
Pro
7,8,10,11,21
7)
a)
X1+X3+X5+X6=2
b)
X3-X5=0
c)
X1+X4=1
d)
X4-X1<=0
X4-X3<=0
e)
X4-X1<=0
X4-X3<=0
X4-X1-X3<=0
Present Value
Limited warehouseExtensive warehouse
Test New product
4,000
6,000
10,500
3,000
1,000
4,000
Year 1 Capital Req
Year 2 Capital Req
Yea
Chapter 9 problems 1,2,7,8,9,18,21 and 24. Due next Thursday 14th
Microsoft Excel 15.0 Sensitivity Report
Worksheet: [Quant LP example 2 MultiVar.xlsx]Example 1 MAX
Report Created: 4/7/2016 1:45:18 PM
Variable Cells
Cell
Name
$E$6 Solutions T
$F$6 Solutio
Consumer Research (Brannon)
03/15/2016
A Model of the Forecasting Process Kim, 2011
Business Begins and Ends with the Consumer
The apparel supply chain has one purpose:
o To provide an appealing and desirable product
o To satisfy customer needs, wants, o
Chapter 2
Diffusion of innovation
Rogers consumer adoption process model
o The original formulation of the adoption process by Rogers (1962):
Awareness: the stage at which a consumer first realizes that an innovation
has been proposed.
Interest: the per
CTE 3808
Exam 3 Review
Chapter 9: DEMOGRAPHICS AND PSYCHOGRAPHICS
Chapter Outline:
What are Demographics ?
Examples of Typical Demographics
Population and Growth Distribution
Population Size Factors: Birthrate, Life Expectancy, and Immigration
Income Dist
CTE3808 TEST 3 NOTES:
Chapter 9Population Growth and Distribution
Many people prefer to live on the two coasts and the sunshine states
66% of all households own their own home; most possess more than one car
20% of the population move each year (often
Unit 1. Merchandizing for Profit
1. Merchandizing:
The activity of promoting the sale of goods at retail Merchandising activities may include display techniques, free samples, on-the-spot demonstration, pricing, shelf talkers, special offers, and other po
Profit and Loss Statement Formula
1) Gross Sale - Customer Returns & Allowance
= Net Sale
2) Opening Inventory + Purchases + Inward Freight - Closing Inventory - Cash Discount + Alteration & Workroom Expenses
= Net Cost Good Sold (NCGS) 3) Net Sale NCGS =