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Business / Decision Modeling – Writing a Business Report/Memo
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Project description
Writing a Business Report/Memo
Complete
Problem 7 in Chapter 3 in the text. Develop a two-page business
memorandum (not including the title and reference pages, and formatted
as outlined on pages 30 through 32) to detail your answers and
recommendations. You must address the following: (a through d):
a. Determine the optimal weekly production schedule for MVC. What is the optimal weekly profit?
b. What is the minimum price that would justify producing the Plus Model? Explain.
c.
If MVC could purchase additional 17 inch monitors for $15 more than
what they are currently paying for them, should they do this? Explain.
d. Suppose an additional worker could be hired for $1000 per week over
the existing weekly worker salary. (Recall that workers average 30 hours
per week.) Analyze why MVC should do this.
This paper should be
formatted according to APA style, and should cite at least three
scholarly sources in addition to the textbook.
Assignment
Writing a Business Report/Memo
Complete
Problem 7 in Chapter 3 in the text. Develop a two-page business
memorandum (not including the title and reference pages, and formatted
as outlined on pages 30 through 32) to detail your answers and
recommendations. You must address the following: (a through d):
a. Determine the optimal weekly production schedule for MVC. What is the optimal weekly profit?
b. What is the minimum price that would justify producing the Plus Model? Explain.
c. If MVC could purchase additional 17 inch monitors for $15 more
than what they are currently paying for them, should they do this?
Explain.
d. Suppose an additional worker could be hired for
$1000 per week over the existing weekly worker salary. (Recall that
workers average 30 hours per week.) Analyze why MVC should do this.
This paper should be formatted according to APA style, and should cite
at least three scholarly sources in addition to the textbook.
Required Text
Lawrence, J., &Pasternack, B. (2002). Applied management science: Modeling, spreadsheet analysis, and communication for
decision making (2nd ed.) [with accompanying CD-ROM]. Hoboken, NJ: John Wiley & Sons, Inc. ISBN: 9780471391906
Recommended Website
Classification and Regression Trees. Retrieved from http://www.dtreg.com/classregress.htm
Recommended Readings
The
following articles can be found by clicking the Library link in the
left navigation bar. Select the appropriate library database from the
table and search by author last name and article title within the
database. The best database in which to find each article is listed at
the end of the article citation.
Delgado, V.G., Gunter, J.E.,
&Badiru, A.B. (2004). Comparative study of critical resource
diagramming versus PERT and CPM. IIE Annual Conference. Proceedings, 1.
Retrieved from ProQuest Database.
Huang, S., & Yang, F. (2010).
Solving transportation network design problem with MARKOV traffic.
Interdisciplinary Journal of Contemporary Research in Business, 2(6),
9-23. Retrieved from ProQuest Database.
Hymans,
S.H. (n.d.). Forecasting and Econometric Models. The Concise
Encyclopedia of Economics. Retrieved from
http://www.econlib.org/library/Enc/ForecastingandEconometricModels.html.
LeBlanc, L.J., &Galbreth, M.R. (2007). Implementing large-scale
optimization models in Excel using VBA. Interfaces, 37(4), 370-382,396.
Retrieved from ProQuest Database.
Nassar, K. (2004). Using
spreadsheets to optimally unbalance a construction bid. Cost
Engineering, 46(12), 28-32. Retrieved from ProQuest Database.
Pasupathy,
K.S., & Medina-Borja, A. (2008). Integrating Excel, Access, and
Visual Basic to deploy performance measurement and evaluation at the
American Red Cross. Interfaces, 38(4), 324-337, 351-352. Retrieved from
ProQuest Database.
Yang, J. (2007). How the critical chain
scheduling method is working for construction. Cost Engineering, 49(4),
25-32. Retrieved from ProQuest Database.
