Journal Description Strength Weakness On the product line selection problem under attraction choice models of consumer behavior (Schön, C. , 2010) This paper shows an exact approach for maximizing profit-oriented product line design (PLD) with continuous price. This exact approach separated by consumer behaviors into two models, which consumer choices are aggregated or broken apart into each customer segment (different price). The consumer behavior in this approach is predicted by famous…
MBA 540 Mid-term Exam 1. (10 pts.) Stella Ann Freeman is having a difficult time deciding whether or not to purchase a new car. How would understanding the concept of opportunity costs help her make a decision? According to Brickley, et al. (2016), the “opportunity cost of using a resource for a given purpose is its value in its best alternative use.” To help Stella make a decision on purchasing a new car, she would need to make a marginal analysis as to narrow down what her best option for…
device is capable of testing itself which is known as Built-In Self-Test (BIST). A metric for quality and successful testing is fault coverage. Fault Coverage is the number of stuck at faults detected. In hardware, the implementation of BIST is with a Linear Feedback Shift Register (LFSR) which uses the remainder left in the register. This remainder is called a signature and this technique is called signature analysis. Signature analysis is an efficient technique for compressing the DUT’s output…
Multicollinearity Multicollinearity is one of the common problems in spatial regression analysis. Sometimes some or all of the explanatory variable are highly correlated in the sample data, which means that it is difficult to tell which of them is influencing the dependent variable (Barrow, 2009, p. 306). Hence, to check whether the independent variables are correlated with each other, a correlation matrix for the three indicators was measured using excel. The correlation matrix in table 2…
literature, is the dependency of strain images on the amount of force applied to tissue by the sonographer. If sonographers use different force to compress the tissue, the tissue have different response since the strain-stress behaviour of the tissue is linear only within a certain range of compressions. Therefore, it is very important to have a precise control on the amount of compression force (and consequently the strain) of the tissue to achieve reliable strain Elastography images. Recently,…
displacement with temperature field and investigates the interaction on the basis of the thermodynamics of the irreversible processes. It relates two separate and independently developed sciences: the theory of elasticity and the theory of heat conduction. The two basic branches of elasticity, namely elastostatic and elastodynamics are developed under different thermodynamic assumptions. The problems of static are regarded as isothermal and those of dynamics are said to be adiabatic.…
This report will provide concrete analysis on the prices. The beginning of the analysis focused on the demand data. The demand included a range of prices and the quantity demand of n=110 test weeks. This can bee seen on Figure 1, which explains the linear relationship between the price and quantity demanded. As a result of the lack of outliers in the demand function, the price results of The Tranquility 5000 were more accurate. This report also provides the analysis of the variance (ANOVA)…
midpoint method (show your work), calculate the price elasticity of demand when the price of an ice cream cone rises from $1 to $2. The percent change in quantity demanded would equal: 600/ (3000 + 2400)/2 x 100 = 600/2700 x 100 = 22.2%. Then there will be a change in percentage in price: 1/ (1 + 2) /2 x 100 = 1/1.5 x 100 = 66.7%. The price elasticity would equal = 22.2/28.6 = .33 b. What does this estimate imply about the price elasticity of demand for ice cream cones?…
and (70, 0.7) are on the supply curve, we solve the system with 2 equation and unknown variables. So, 80 = a + b *0.9 and 70= a + b* 0.7, concluding to a= 35 and b=50. Thus, supply curve for chicken meat in 2014 (and 2013) is Qs=35+50*P. The price elasticity of supply is: εs = (ΔQ/ΔΡ)*(Ρ/Q) = (80-70)/ (0.9-0.7)*(0.9/80) = 0.56 which means that the supply of the good can be described as inelastic. (εs =1,800,000/75 = 24,000. So, Kerr Ltd current level of sales is 24,000, which means 16.66 %…
Golf clubs are manufactured from a wide variety of materials, including metals, plastics, ceramics, composites, wood, and others. Different materials are chosen for different parts of the golf based on their mechanical properties, such as strength, elasticity, formability, impact resistance, friction, damping, density, and…