Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Basic Finance Expert

To receive full credit for discussion participation, you should post a message during the first three days of the module. The Week 1 topic requires nothing more than some thought and reflection, while the topic requires specific knowledge of the module's contents. For full credit, you should respond to both topics. We suggest you do the topic first, but please feel free to respond to either topic, at any time.

Topic: "It's whatch a do with whatcha you got..."

The Tin Pan Alley classic continues, "...never mind how much you've got,/It's whatcha do with whatcha you got/That pays off in the end!" (De Paul & Raye, circa 1948).

Making the best use of limited resources is a familiar problem. One familiar example is the limited space in a backpack. If you're going to be in the wood for two weeks, what should you pack? Some factors you'd need to consider; bulk, weight, food value, and necessity. (Carbs and protein are required. Diet soda? Not so much.)

Another example is study time. Do you allocate every hour to one course, or spread the time out among all your courses? What are the factors involved in that decision? (Possible factors: how hard the material is, your current grade, and when the next assignment is due.)

A common business-related problem goes like this. A factory makes several different products. There's a different demand for each. Each generates a particular profit. All of them must be made with limited money, materials, and time. What's the optimum product mix-that is, how many of each should the factory make?

For your first posting, please describe an allocation problem you have faced, either personally, or as part of your job. What were the desired outcomes? What were the constraints?

Looking ahead; linear programming is a tool that can be used to make allocation decisions of that type.

Topic:

1. Discuss the problems you encountered (or, perhaps, are still encountering) while completing the Case exercise. Would you expect to encounter the same problems if you were using LP for a real-world allocation decision? Why or why not? Explain in the context of an actual allocation problem with which you are familiar.

2. List some characteristics of an allocation problem that may make it difficult to optimize using LP. Here are two:

• Constraints may not be totally predictable. For example, the price one can charge for a particular product may vary unpredictably over time.

• All of the constraints may not be known. For example, a new pollution regulation may limit effluents, thereby limiting a particular production process.

There are more. What are they?

Discussion General Expectations

1. In your first posting, you should show a basic understanding of the issues involved in the module. In your second and subsequent postings, you should demonstrate a clear understanding of the material covered in the module.

2. Critically apply your understanding to the examples provided by others. Do those examples clearly illustrate the concepts being discussed? Why or why not?

3. Provide relevant sources for any information that isn't common knowledge.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M92041612
  • Price:- $55

Priced at Now at $55, Verified Solution

Have any Question?


Related Questions in Basic Finance

At the beginning of 2016 winston corporation issued 10

At the beginning of 2016, Winston Corporation issued 10% bonds with a face value of P600,000. These bonds mature in five years, and interest is paid semiannually on June 30 and December 31. The bonds were sold for P555,8 ...

Set up an amortization schedule for a 15000 loan to be

Set up an amortization schedule for a $15,000 loan to be repaid in equal installments at the end of each of the next 4 years. The interest rate is 10%. How large must each payment be if the loan is for $30,000? Assume th ...

A firm has 21000000 of available retained earnings the

A firm has $21,000,000 of available retained earnings. The capital structure is 48% debt, 8% preferred equity and 44% common equity. At what point in total funding will the company exhaust its available retained earnings ...

Question - assume a companys income statement for year 12

Question - Assume a company's Income Statement for Year 12 is as follows: Income Statement Data Year 12 (in 000s) Net Revenues from Footwear Sales $ 300,000 Cost of Pairs Sold 190,000 Warehouse Expenses 15,000 Marketing ...

You need 5000 to buy a new stereo for your car if you have

You need $5,000 to buy a new stereo for your car. If you have $1,500 to invest at 6% compounded annually, how long will you have to wait to buy the stereo? All work and formulas leading up to the answer have to be shown

What are some key factors needed for consideration in

What are some key factors needed for consideration in choosing a business location and why is location a key finance factor for most businesses?

Valentinos maintains a constant debt-to-assets ratio of 072

Valentino's maintains a constant debt-to-assets ratio of 0.72, with total assets of $59986. Its plowback ratio is 0.21, and net income is $7130. What is the sustainable growth rate? Input your answer as a decimal rounded ...

Suppose pepsicos stock has a beta of 57 if the risk-free

Suppose Pepsico's stock has a beta of .57. If the risk-free rate is 3% and the expected return of the market portfolio is 8%, what is Pepsico's equity cost of capital?

Question - major manufacturing currently has one bank

Question - Major Manufacturing currently has one bank account located in New York to handle all of its collections. The firm keeps a compensating balance of $300,000 to pay for these services (see Section 19.7). It is co ...

If hairbran stylists is evaluating a project that costs

If Hairbran Stylists is evaluating a project that costs $42,000 and the project will generate $11,000 over each of the next 5 years with a required rate of return of 9%, should they accept the project? What is the net pr ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As