Describe the Form of some ordinary objects around you, in accordance with Plato’s theory. How do you know whether an object is defined by one Form or another? What can you say about the Form of an ordinary object, in the fashion of Plato’s discussion of the Form of triangle? If an object changes, does it change Forms as well? Can an object have conflicting Forms? Can we understand our recognition of objects without some conception of Forms to explain how it is that we recognize them?
Category Archives: Finance
In what sense is it fair and in what sense is it not fair to treat everyone equally—for example, in the distribution of salaries and payment for services? Should someone who works hard make more than someone who does not? Why do we believe that hard work should be rewarded? Should a twenty-year employee make no more than a novice? Why should “time on the job” make a difference? Should the owner of a company keep no more in profits than she pays her employees? Why should ownership make a difference? Should a person who desperately needs a good deal of money for a lifesaving heart operation be given more than another person who is in perfect health and has no particular need for the money? Do we….
Discussion: Sampling Methods Sampling refers to the collection of data. The five primary sampling methods are discussed in section 1.2 of the textbook for this module and include:
Simple random sampling Stratified sampling Cluster sampling Systematic sampling Convenience sampling
Please explain ONE of these types of sampling methods and give an example of how it could be used. For example, you could explain simple random sampling and use an example of how it could be conducted by using a random number table to select employees to interview in your workplace about employee morale. Please remember to be specific and to put the discussion into your own words. Do not just copy and paste technical information from the textbook or another source. Really strive to understand how the sampling….
Individual Risk Management Plan (RMP) Objective The goal of the Individual Risk Management Plan (RMP) is to select a project and then to create and detail a risk management plan that would support that project. Guidelines The Individual Risk Management Plan is due by the end of Week 4 and should be 10 to 15 pages long without counting cover page, reference page, or appendix. The Individual Risk Management Plan will be graded on quality of research topic, quality of paper information, use of citations, grammar, and sentence structure. Papers must be in 12-point font, double-spaced, and must include a cover page, table of contents, introduction, body of the report, summary or conclusion, and works cited. Even though this is not a scientific-type writing assignment, and is mostly creative….
Sam Tucker is a sales engineer at Buford Chemical Engineering Company. Sam owns two vehicles, and one of them is entirely dedicated to business use. His business car is a used small pickup truck, which he purchased with $11,000 of personal savings. On the basis of his own records and with data compiled by the U.S. Department of Transportation, Sam has estimated the costs of owning and operating his business vehicle for the first three years as follows:
First YearSecond Year Depreciation$2,879$1,776$1,545Scheduled maintenance100153220Insurance635635635Registration and taxes785750Total ownership cost$3,692$2,621$2,450Nonscheduled repairs3585200Replacement tires353027Accessories151312Gasoline and taxes688650522Oil80100100Parking and tolls135125110 Total operating costs$988$1,003$971 Total of all costs$4,680$3,624$3,421Expected miles driven14,50013,00011,500
If his interest rate is 6%, what should be Sam’s reimbursement rate per mile so that he can break even?
King City Inc. manufactures machine tools. The production planner who oversees the production of two of King City’s machines needs to determine how many of each to produce this month. The two machines, Top Lathe and Big Press, each require a certain common component. Each Top Lathe requires 10 of these components and each Big Press requires 7. Only 49 components are available this month. The sales department requires that the total number of machines produced in a month must be at least 5 (the number Top Lathes plus the number Big Presses must be at least 5). The profit for a Top Lathe is $50,000 and $34,000 for a Big Press.
a. Assuming that adequate labor and all other resources are available, formulate an integer programming model….
Hospital administrators must schedule nurses so that the hospital’s patients are provided adequate care. At the same time, careful attention must be paid to keeping costs down. From historical records, administrators can project the minimum number of nurses required to be on hand for various times of day and days of the week. The objective is to find the minimum total number of nurses required to provide adequate care. Nurses start work at the beginning of one of the four-hour shifts given below (except for shift 6) and work for 8 consecutive hours. Hence, possible start times are the start of shifts 1 through 5. Also, assume that the projected required number of nurses factors in time for each nurse to have a meal break. Formulate and solve….
STAR Co. provides paper to smaller companies with volumes that are not large enough to warrant dealing directly with the paper mill. STAR receives 100-feet-wide paper rolls from the mill and cuts the rolls into smaller rolls of widths 12, 15, and 30 feet. The demands for these widths vary from week to week. The following cutting patterns have been established:
Trim loss is the leftover paper from a pattern (e.g., for pattern 4, 2(12) 11(15) 1 2(30) 5 99 feet used results in 100 2 99 51foot of trim loss). Orders in hand for the coming week are 5,670 12-foot rolls, 1,680 15-foot rolls, and 3,350 30-foot rolls. Any of the three types of rolls produced in excess of the orders in hand will be sold….
Brooks Development Corporation (BDC) faces the following capital budgeting decision. Six real estate projects are available for investment. The net present value and expenditures required for each project (in millions of dollars) are as follows:
There are conditions that limit the investment alternatives:
••At least two of projects 1, 3, 5, and 6 must be undertaken.
••If either project 3 or 5 is undertaken, they must both be undertaken.
••Project 4 cannot be undertaken unless both projects 1 and 3 also are undertaken.
The budget for this investment period is $220 million.
a. Formulate a binary integer program that will enable BDC to find the projects to invest in to maximize net present value, while satisfying all project restrictions and not exceeding the budget.
b. Solve the….
Spencer Enterprises is attempting to choose among a series of new investment alternatives. The potential investment alternatives, the net present value of the future stream of returns, the capital requirements, and the available capital funds over the next three years are summarized as follows:
a. Develop and solve an integer programming model for maximizing the net present value.
b. Assume that only one of the warehouse expansion projects can be implemented. Modify your model from part (a).
c. Suppose that if test marketing of the new product is carried out, the advertising campaign also must be conducted. Modify your formulation from part (b) to reflect this new situation.