Merton Truck Company Case Solution - 940 Words

EMBA 2011-12 MERTON TRUCK COMPANY CASE SOLUTION HARSHID DESAI AMRUT MODY SCHOOL OF MANAGEMEMNT ROLL NO. 03 Merton Truck Company Calculating contribution for each truck, Contribution for model 101 = selling price (direct mat. + direct labour + variable o/h) = 39000 (24000 + 4000 + 8000) = Rs. 3000/Contribution for model 102 = selling price (direct mat. + direct labour + variable o/h) = 38000 (20000 + 4500 + 8500) = Rs. 5000/- Decisions variables: x1 = number of model 101 trucks produced, x2 = number of model 102 trucks produced, The algebraic formulation is: Max. 3000.x1 + 5000.x2, Constrains, 1.x1 + 2.x2 2.x1 + 2.x2 2.x1 + ..+ 3.x2 x1, x2 0. 4000, 6000, 5000, 4500, Page | 1 Q.1 (A) Find best products mix for†¦show more content†¦constrain 1 which is engine assembly machine hour, we can push it in the opposite direction of origin till it passes through intersection point of (line 2 and line 4) 2nd and 4th constrain i.e. stamping and model 102 assembly. To derive that point of intersection we need to calculate as below. Finding the value of x1 and x2 using equation 2.(x1) + 2.(x2) = 6000 So we get, X2 = 1500, and x1 = 1500 3.(x2) = 4500 Page | 5 With the further increase in unit of capacity of engine assembly machine hour (from 4500 to 4501) there is no change in the contribution. So no. of units can be added calculated below, Substituting the value of x1 and x2 in the below equation, = 1.(x1) + 2.(x2) = 1.(1500) + 2.(1500) = 4500 Therefore, unit can be added is (4500 4000 = 500). Page | 6 Q.2 Sol. Company should adopt this alternative as we seen in Q1 (b) and Q (d). increase in one unit of capacity inceases contribution by Rs. 2000/- and company should rent 500 machine hours till which contribution increases after that there is no change in contribution of increased unit in capacity. So it is obvious that company should be willing to pay Rs. 2000/- for a rented machine hour. Q.3 Sol. Decisions variables: x1 = number of model 101 trucks produced, x2 = number of model 102 trucks produced, x3 = number of model 103 trucks produced. The algebraic formulation is: Max. 3000.x1 + 5000.x2 + 2000.x3, Constrains, 1.x1 + 2.x2 + 0.8.x3 2.x1 + 2.x2 + 1.5.x3 2.x1Show MoreRelatedMerton Truck Co2033 Words   |  9 PagesCase Analysis: Merton Truck Company Linear programming techniques can be used to not only determine the best production mix, but also to provide clues and data suggesting ways to improve profits. In 1988, Merton Truck Company was searching for ways to increase profits and ultimately its poor financial performance. Options being considered included changing their product mix by either removing or adding a product line, or renting capacity. In the following pages, the product mix and capacityRead MoreTheories of Organizational Behavior10512 Words   |  43 PagesIndustrial Revolution when new problems related to the factory system began to appear. Managers were unsure of how to train employees (many of them non-English speaking immigrants) or deal with increased labor dissatisfaction, so they began to test solutions. As a result, the classical management theory developed from efforts to find the â€Å"one best way† to perform and manage tasks. It arose because of the need to increase productivity and efficien cy. The emphasis was on trying to find the best way toRead MoreInnovators Dna84615 Words   |  339 PagesProfessor of Business Administration at Harvard Business School and the architect of and the world’s foremost authority on disruptive innovation. â€Å"Businesses worldwide have been guided and in uenced by e Innovator’s Dilemma and e Innovator’s Solution. Now e Innovator’s DNA shows where it all starts. is book gives you the fundamental building blocks for becoming more innovative and changing the world. 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Importance of Calculators - 1742 Words

In todays time, calculators in schools are just as widely used as computers are. Since its invention nearly forty years ago, the electronic calculator has evolved from a machine that could only perform simple four-function operations ( addition, subtraction, multiplication, division) into one that can now also execute highly technical algebraic symbolic manipulations instantly and accurately. Each new generation of calculators builds on the previous one, with heightened speed and more advanced capabilities. At the same time, the cost of a basic calculator has dropped so low that virtually that every household in the U.S. can easily afford one. Calculators are a big help when doing mathematical equations correctly. They are also a useful†¦show more content†¦In my opinion, this statement is both true and false. Im not saying that a person should be able to use one in elementary school. That is their time to learn the operations, which is extremely important. However, in a high school or college level math class, that statement is somewhat true. Its not that I would be lost without one. Its just that it would take me a whole lot more time to calculate a problem successfully. Elementary math classes provide us with the foundations of using math throughout our lives. I believe that those years are our most crucial years in learning the subject. Everything you learn during that period of time sticks with you for life and comes in very handy when needed. Every adult should have the four main operations of math mastered in their heads. The truth is that calculators are more accurate and efficient than humans, so when you want to figure out an answer to a problem without spending hours on it, calculators can be a huge help. It is very easy to make a mistake on paper. After all, we are human. Calculators are programmed machines. They do exactly what we order them to do and are programmed to never make mistakes. The only mistake youll get out of a calculator is your own, for example, if you mistakenly push the wrong button. Along with being accurate, they have other positive qualities. They are inexpensive and portable enough so that they can be brought alongShow MoreRelated Technology in the Mathematics Classroom Essay1115 Words   |  5 Pagestechnology is advancing at such a rate that on can hardly stay ahead. Technology surrounds every person in civilization. To not use the technology that is readily available would be absurd. The same idea applies to technology in the classroom. Calculators, in particular, are becoming more readily available in the classroom, but technology should not stop there. Many inspiring computers programs, such as Geometer’s Sketchpad, Math Success, Fathom, Maple, and Minitab greatly enhance the mathematicalRead More Analyzing an Advertisement for a Texas Instruments Calculator879 Words   |  4 Pagesfor a Texas Instruments Calculator Get your own. 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The Influence of Art on Common People Free Essays

The Influence of Art on Common People Art is a medium of self-expression; it can also be a challenge that intimidates people. Art can influence common people in many ways: â€Å"It could be a source of inspiration for people with hidden artistic skill; it could ignite the passion to create something of beauty; it could unblock fears and insecurities,† wrote author Molly Prather in her article, â€Å"How does art influence people? † Or it could easily be ignored. Dr. We will write a custom essay sample on The Influence of Art on Common People or any similar topic only for you Order Now Margarita Cole, an art appreciation instructor at HCC, defines common people as those who are not exposed to art or those who are not familiar with visiting museums. This includes people who consider art alien. She talked about the influence of art on common people saying, â€Å"Some people ignore art or consider it weird. Others ask themselves what is this for? Many of them do not find answer. But for some people who find in art an answer, it is a discovery. † Sharon Hendry, a graphic designer, artist and HCC instructor, has another point of view: â€Å"Artists have two main objectives when they do art: One is to put something in a visual format to express a message; and second is that they use art as a medium of communication. Art can communicate without words,† she added. Common people are affected by art in different ways. Hendry said, â€Å"People react when they look at an artwork filtering their emotions through their personal experiences, their personal history. † â€Å"The way people are affected by art,† Dr. Cole said, â€Å"depends a lot on their upbringing — the amount of exposure to art that they have and what is their conception of beauty. † Art is a medium of communication and it can have a deep impact, or be very tenuous. â€Å"If we are open to art, we can take advantage of it; if we are closed to it, there is no way,† Dr. Cole commented. She added, â€Å"Deep (art’s communication) as you allow it to go. If you allow yourself to feel the soul of the artist you are going deep. † Hendry made an example about communication â€Å"When you text a message in your cell phone, you are trying to communicate with somebody. The other person could receive or deny your message. If the person that you are trying to communicate with sends you a response, you are establishing communication. The only way that an artist knows if his artwork communicates a message is when he receives feedback,† she added. Some people are reluctant to engage with art maybe because they do not want to allow a communication with it. Dr. Cole talked about a case: â€Å"A student came to me after class and told me about a collage assignment; he was trying to work on it but it was very difficult to do and he could not finish it. Actually, he was not scared about the work otherwise; he was showing his insecurity to do the task. We can put people in front of a challenge and some will say: ‘Okay let’s do it. ’ Others will react the opposite way, refusing to do it when in fact, they are reacting to their fears. † â€Å"Art can serve as inspiration to awaken the imagination, talent and skill hiding in someone. It can unlock your fears and insecurities about creating,† Prather wrote. Hendry corroborated this, saying, â€Å"This is why art is important to me in my life. All those thing —inspires creativity, discovers hidden talent and unlocks fears and insecurities — have helped me and helped my students. † Anna Reyner, an art therapist, wrote the article â€Å"Art Influences Learning† in which she said, â€Å"Much has been written about how art enhances creativity, imagination, and self-esteem, but far less is said about how art encourages cognition, critical thinking, and learning. † She mentions the U. S. Secretary of Education report, â€Å"The Value Added Benefits of the Arts,† which states, â€Å"Studies have shown that arts teaching and learning can increase student’s cognitive and social development. The arts can be the link for students in developing the crucial thinking skills and motivations they need to achieve at higher levels. † In the same article Reyner wrote, â€Å"Our current education system places great emphasis on academic development. As a result, arts programs are being reduced or even eliminated from classrooms to accommodate more didactic teaching methods. Broadly speaking, are common people aware at the importance of art as a part of children’s education? Dr. Cole opined, â€Å"If they are not exposed to art, they are not going to be able to do anything. † Dr. Cole said, â€Å"My students have to go to museums as a part of the class requirements, but a lot of them are not interested and are reluctant to do the assignment. If you are not exposed to art, it is likely the next generation will not be exposed to art either. † â€Å"Politics is more advocates trying to make money,† Hendry commented. Consequently, art is not a priority in the line of their funding. † Art is present in everyday routines in many ways. Many people are aware of it while others are not; still others are indifferent. Promoting the benefits of art could be a difficult task. â€Å"To promote art,† Dr. Cole said, â€Å"we have to expose people to art, encourage them to visit museums, and also educate gallery personnel to bring friendly treatment. Some people go to museums and get out angry because of the bad treatment by the personnel. Educating gallery personnel is very important if you want to promote art. † â€Å"Parents have to encourage children to be involved in art,† Hendry commented, â€Å"but many times they are very busy or they do not know how beneficial art is on their children’s educational process. † â€Å"Children learn best when both sides of their brains are stimulated,† writer Kevin Crockett said in the online article â€Å"How Art Influences Childhood-Development? † â€Å"This occurs when the learning environment is both participatory and interactive. The modern classroom does have a participatory side but it is sorely lacking in interactivity. Drawing and art is one of the best ways to bring interactivity into your child’s life. † â€Å"Art has to be included in the raising of child,† Dr. Cole stressed. â€Å"It is very important to encourage trips to museums, developing child interaction with artworks. † â€Å"Do not under estimate the importance of creativity, the ability to think abstractly (out of the box). The best thinkers, inventors, and entrepreneurs of our time have a healthy dose of right brain influence,† wrote Crockett. How to cite The Influence of Art on Common People, Papers

LUCY STONE Essay Research Paper Lucy Stone free essay sample

LUCY STONE Essay, Research Paper Lucy Stone ( 1818? 1893 ) By: Meghan Monokian Well I, Lucy Stone am largely known for being one of the most celebrated leaders for adult females # 8217 ; s rights in the United States. I came to be known as one of the most vocal adult females of my clip. I had house beliefs against bondage and rejected the Biblical base that work forces should govern over adult females. I was determined to do the universe a better topographic point for adult females. I was born in West Brookfield, Massachusetts on August 13, 1818. While still a immature miss, I began to detect the limitations placed on the female gender. I took on assorted place jobs in order to assist my female parent. At 16 I began learning for low wage, which one time once more was an annoyance. I worked and saved for nine old ages to acquire adequate money to go to college. We will write a custom essay sample on LUCY STONE Essay Research Paper Lucy Stone or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page I would analyze at 2:00 in the forenoon before traveling to work to gain and salvage adequate money for college. In order to assist myself out, I attended Quaboag Seminary in Warren, Wesleyan Academy in Wilbraham, a Mount Holyoke Female Seminary in South Hadley. I learned Hebrew and Greek in order to find if the transitions in the Bible that seemed to give adult male a higher order in life than adult females were decently translated. I graduated from Oberlin College in 1847 going the first adult females to gain a college grade. I was asked to compose an essay to read at the graduation. The college was non traveling to let me to read her ain essay because she was a adult female. She refused to compose the essay because she was insulted. For a while the college was believing about taking away her grade because of non wri ting the essay but they did non. After college I became a lector for William Lloyd Garrison # 8217 ; s American Anti-slavery Society. I steadfastly believed in the immoralities of bondage and favoritism against adult females. In 1850, I led a call for a national convention on adult females # 8217 ; s rights. I continued on talk Tourss for several old ages. In 1855, I married an emancipationist who worked at halting bondage named Henry Blackwell. I insisted on maintaining my maiden name and I wrote out one of the first # 8220 ; matrimony contracts # 8221 ; go forthing out the word # 8220 ; obey # 8221 ; . I had one girl, Alice Stone Blackwell. In 1866 I helped establish the American Equal Rights Association. In 1867 I was elected president of the New Jersey Woman right to vote Association. After forming the New England Woman Suffrage Association in 1868. I moved from Orange, New Jersey, to Boston. In 1869 there was a major division in the adult females who were working for female # 8217 ; s rights. Other conservative reformists and I formed the American Woman Suffrage Association. While functioning on that association # 8217 ; s executive board, I raised money to get down the Woman # 8217 ; s Journal in 1870. In 1872, my hubby and I became the editors. The diary became celebrated over the old ages as the journalistic voice of the right to vote motion. I was one of the first adult females to talk out against adult females non holding the right to vote in the United States. I neer knew that adult females won the right to vote. I died in 1893 in Massachusetts after what I considered was a successful life talking out for adult females # 8217 ; s rights. I set ends and I tried and did carry through most of my goals/dreams!