Plz solve Asap Traditional managementverses ModernManagement and giveexample of any threecompanies usingtraditional and Modernmanagement and explainalso in detail

Management is the process through which the operations of an organization is streamlined in specific…

Answered: Traditional management verses Modern…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Q. Hotel California has 160 rooms. The hotel has an ample low-fare demand at the room rate of $200 per night, but the demand from the high-fare class which pays $450 per night on average, is uncertain. Table below shows the number of high-fare rooms that were booked during the past 30 days. How many rooms should Hotel California protect for high-fare customers to maximize its expected revenue? Number of high-fare rooms Frequency 0 5 1 3 2 6 3 8 4 4 5 1 6 1 7 2 Total=30
Question 5: Suppose a brewery uses a Cobb-Douglas production function for his production. He studies the production process and finds the following. An additional machine-hour of fermentation capacity would increase output by 500 bottles per day (i.e. MPK = 500). An additional man-hour of labor would increase output by 1000 bottles per day (i.e. MPL = 1000). The price of a man-hour of labor is $50 per hour. The price of a machine-hour of fermentation capacity is $5 per hour. 3. Suppose that the price of a machine-hour of fermentation capacity rises to $25 per hour. How does this change the answer from part 1?
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Question b and c
W AutoSave Off H 2.0 = PDPMT_PL102_06 June 2023_1 No Label ✓ Mailings Review File Home Insert Draw Design X (6 Paste Clipboard F Page 7 of 7 ■ Arial B I U U 79 of 954 words Q Search V ✓11 ab ab X₂ X x² A A Layout References A A Aa A A D Font English (South Africa) 10° View Help E✓ F✓ ≤ = AT ==== 스 1:15-16- E G QUESTION FOUR 4.2 Text Predictions: On Search Paragraph 5 Normal Ethical behaviour is necessary within a project organisation and is crucial in project business relationships with the customer, suppliers and subcontractors. Customers and suppliers want to do business with a project organisation that they can trust. Throughout any project, situations may arise that can provide an opportunity for unethical behaviour. With regard to the above statements: 4.1 Provide five examples of unethical behaviour in a project context. Accessibility: Unavailable No Spacing END OF QUESTION PAPER Styles Heading 1 Discuss the ways in which project managers can promote ethical behaviour. R A Thembi…
PP.71 A small manufacturer of specialty welding equipment has developed a combination production plan for the next four quarters, as seen below. Supply/Demand Info Pre-Q1 Q1 4,620 4,620 Forecast (demand) Regular production Subcontract production Ending inventory Hired employees Fired employees Total employees 42 42 Q2 Q3 Q4 4,730 5,390 5,170 5.080 5.060 5.080 330 4 46 The table below shows additional relevant information: Capacity Information & Cost Variables Production rate (units/employee/quarter) Subcontractor capacity (units/quarter) Regular production cost/unit Holding cost'unit/quarter Hiring cost/employee Firing cost/employee Subcontract cost/unit 110 480 $85 $13 $820 $2,150 $119 110 110 46 46 What is the overall total cost for this production plan? (Display your answer to the nearest whole number.) Number What is the total subcontract cost for this production plan? (Display your answer to the nearest whole number.) Number What is the total holding cost for this production plan?…
Need d and e
Customer Interarrival Service Time of Time Number Time Arrival 22 74 22 89 105 3 21 34 4 26 38 80 23 6. 81 26 7 78 90 8. 20 26 9. 32 37 10 13 88 11 28 38 12 18 73 13 29 93 14 19 25 15 20 93 16 23 5 17 78 37 18 20 5T 19 109 28 20 78 85 You're given a table of ice-cream shop customers. 20 customers have arrived starting from 22. second of the opening. Interarrival times and service times are given in seconds. a) Calculate the arrival times of all customers. b) Calculate the service start time of each customer. c) Calculate the queue lengths. d) Calculate the idle times of the shop. e) Calculate the utilization ratio. f) Calculate the mean waiting time (including the first and the last customers)
Define facility management. Include reference
1
Exhibit 1. Solver Sensitivity Report. A В E F H 6 Variable Cells 7 Final Reduced Objective Allowable Allowable 8 Cell Name Value Cost Coefficient Increase Decrease $B$25 kg x1 $C$25 kg x2 9. 8. 300 200 300 10 4 500 1E+30 200 11 12 Constraints 13 Final Shadow Constraint Allowable Allowable 14 Cell Name Value Price R.H. Side Increase Decrease 15 ŞE$20 N 1320 600 720 1E+30 16 $E$21 P 1080 3.333333333 1080 1E+30 432 17 SE$22 K 60 13.33333333 60 90 60 Referring to Exhibit 1, if the right-hand side of the K constraint changes to 30, then the objective function value: will decrease by 13.3333 will decrease by 400. O will decrease by 133.3333. O will remain the same.
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Traditional management verses Modern Management and give