In light of the recent death of former President Noynoy Aquino, the current government believes that no more Aquino is fit to lead the country, and therefore, also believes that their family has already lost relevance, the Philippine Government plans to demolish the Ninoy Aquino International Airport (NAIA). In its place, they shall build the new Paliparang Pandaigdig ng Pilipinas (PaPa Pi). It manager, Papa P, is given a choice between two models: Model A, which is a relatively simple model that is a reasonable approximation of the airport to be built; and Model B, a thorough and complex model that almost resembles the exact plan for the proposed building. Model B is the most accurate possible representation of the future PaPa Pi to be built. Why might Papa P prefer to use Model A?
In light of the recent death of former President Noynoy Aquino, the current government believes that no more Aquino is fit to lead the country, and therefore, also believes that their family has already lost relevance, the Philippine Government plans to demolish the Ninoy Aquino International Airport (NAIA). In its place, they shall build the new Paliparang Pandaigdig ng Pilipinas (PaPa Pi). It manager, Papa P, is given a choice between two models: Model A, which is a relatively simple model that is a reasonable approximation of the airport to be built; and Model B, a thorough and complex model that almost resembles the exact plan for the proposed building. Model B is the most accurate possible representation of the future PaPa Pi to be built. Why might Papa P prefer to use Model A?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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