Transportation: A Global Supply Chain Perspective
8th Edition
ISBN: 9781133592969
Author: John J. Coyle, Robert A. Novack, Brian Gibson, Edward J. Bardi
Publisher: Cengage Learning
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Question
Chapter 3, Problem 1SQ
Summary Introduction
To explain: The rationale for the economic regulation of transportation.
Expert Solution & Answer
Explanation of Solution
The rationale for the economic regulation of transportation:
In any industry, it is natural when a
Two types of transportation have natural monopolistic tendencies: they are pipeline and railroad. The pipeline transportation model is privately owned and so does not need economic regulation. The railroads, on the other hand, were economically regulated in the year 1987 because there were no antitrust laws created in Country U which tend to nationalize the industries. This was done to ensure that there are no monopolistic abuses practices by the railroads against small level farmers and to ensure that there is a competitive and fair industry is present.
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Students have asked these similar questions
1) View the video Service Processing at BuyCostumes (10.41 minutes, Ctrl+Click on the link); what are your key takeaways (tie to one or more of the topics discussed in Chapter 3) after watching this video. (viddler.com/embed/a6b7054c)
Note: As a rough guideline, please try to keep the written submission to one or two paragraphs.
2) Orkhon Foods makes hand-held pies (among other products). The firm’s weekly sales of hand-held pies over the past seven weeks are given in the table. The firm’s operations manager, Amarjargal, wants to forecast sales for week 8.
Weeks
Sales of hand-held pies(000s)
1
19
2
18
3
17
4
20
5
18
6
22
7
20
Forecast the week 8 sales using the following approaches:
a) Naïve approach
b) 5-month moving average
c) 3-month weighted moving average using the following weights: 0.50 for week 7, 0.30 for week 6, and 0.20 for week 5.
d) Exponential smoothing using a smoothing constant of 0.30, assume a week 2…
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relationship management
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What area of emotional intelligence refers to the ability to manage your emotions, particularly in stressful situations, and maintain a positive outlook despite setbacks?
relationship management
self awareness
social awareness
self management
Chapter 3 Solutions
Transportation: A Global Supply Chain Perspective
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