Company HR Vice President for café development, Person OM, has the job to select the ideal country, region and city for expansion of company HR and establish its new site. Though the job seems easy as it is said, it involves lot of front and back end work. Person OM has to do lot of research to choose the country and the city and has to negotitate with the local dealers to fix a reasonable cost for setting up the new plant and he stays with the plant for sales up to one year. Person OM is currently engaged in global expansion in country E, LA and A and has to look at the polititical risk, currency and social norms and proper fitting of the brand in the particular region. His research consists of extensive checklist such as demographics, market, trend analysis, transportation, restaurants, night clubs, political risks, real estate market and HR comparable market analysis. The site location has been focused on city centeres like city M and B and to find local franchise partner in both location. The company has made decision for 10-15 year of commitment in its operation in the selected location and it employs tools like location cost-volume analysis. It helps to make decision whether to purchase or reconstruct an existing facility. The data obtained are given below. Factor European city under construction Importance of this factor at this time A B C D A. Demographcis 70 70 60 90 20 B. Visitor market 80 60 90 75 20 C. Transportation 100 50 75 90 20 D. Restaurants/night clubs 80 90 65 65 10 E. Low political risk 90 60 50 70 10 F. Real estate market 65 75 85 70 10 G. Comparable market analysis 70 60 65 80 10 To determine : The circumstances and condition under which company HR prefers to franchise a café.

Question

Davison Electronics manufactures three LED television monitors, identified as Model A, Model B, and Model C. Davison Electronics four manufacturing plants. Each model has its lowest possible production cost when produced at Plant 1. However, Plant 1 does not have the capacity to handle the total production of all three models. As a result, at least some of the production must be routed to the other manufacturing plants. The following table shows the minimum production requirements for next month, the plant capacities in units per month, and the production cost per unit at each plant: Model Production Cost per Unit Minimum Production Requirements Plant 1 Plant 2 Plant 3 Plant 4 A $25 $28 $37 $34 48,000 B $26 $35 $36 $41 75,000 C $20 $31 $26 $23 60,000 Production Capacity 65,000 50,000 32,000 43,000 Davison’s objective is to determine the cost-minimizing production plan

Answer 1

Question

Chapter 8, Problem 2.4VC

Summary Introduction

Introduction:

Company HR Vice President for café development, Person OM, has the job to select the ideal country, region and city for expansion of company HR and establish its new site. Though the job seems easy as it is said, it involves lot of front and back end work. Person OM has to do lot of research to choose the country and the city and has to negotitate with the local dealers to fix a reasonable cost for setting up the new plant and he stays with the plant for sales up to one year.

Person OM is currently engaged in global expansion in country E, LA and A and has to look at the polititical risk, currency and social norms and proper fitting of the brand in the particular region. His research consists of extensive checklist such as demographics, market, trend analysis, transportation, restaurants, night clubs, political risks, real estate market and HR comparable market analysis.

The site location has been focused on city centeres like city M and B and to find local franchise partner in both location. The company has made decision for 10-15 year of commitment in its operation in the selected location and it employs tools like location cost-volume analysis. It helps to make decision whether to purchase or reconstruct an existing facility. The data obtained are given below.

Factor European city under construction Importance of this factor at this time
A B C D
A. Demographcis 70 70 60 90 20
B. Visitor market 80 60 90 75 20
C. Transportation 100 50 75 90 20
D. Restaurants/night clubs 80 90 65 65 10
E. Low political risk 90 60 50 70 10
F. Real estate market 65 75 85 70 10
G. Comparable market analysis 70 60 65 80 10

To determine: The circumstances and condition under which company HR prefers to franchise a café.

Expert Solution & Answer

Trending nowThis is a popular solution!

See solution

Check out sample textbook solution

Students have asked these similar questions

Davison Electronics manufactures three LED television monitors, identified as Model A, Model B, and Model C. Davison Electronics four manufacturing plants. Each model has its lowest possible production cost when produced at Plant 1. However, Plant 1 does not have the capacity to handle the total production of all three models. As a result, at least some of the production must be routed to the other manufacturing plants. The following table shows the minimum production requirements for next month, the plant capacities in units per month, and the production cost per unit at each plant: Model Production Cost per Unit Minimum Production Requirements Plant 1 Plant 2 Plant 3 Plant 4 A $25 $28 $37 $34 48,000 B $26 $35 $36 $41 75,000 C $20 $31 $26 $23 60,000 Production Capacity 65,000 50,000 32,000 43,000 Davison’s objective is to determine the cost-minimizing production plan

Anecdotally, entrepreneurs frequently encounter two critical dilemmas in managing human resources: the timing of hiring and the decision regarding hiring a generalist versus a specialist for their growing venture. Deciding when to expand a team is crucial, as premature hiring (i.e., hiring too soon) can strain resources, while delayed hiring (i.e., hiring too late) might hinder growth opportunities. Moreover, the choice between hiring a generalist or a specialist depends on the specific needs and stage of the venture, with each option presenting distinct advantages and challenges. To address these issues, a management scholar seeks to identify the factors shaping the hiring cycle throughout the entrepreneurial journey and to understand the criteria for choosing between generalists and specialists at various stages of a venture. The scholar has assembled a sample of 20 experienced South African entrepreneurs who have encountered both failure and success in the financial technology…

3. [25 pts.] Four projects are available for investment. The projects require the cash flows and yield the net present values (NPV) (in millions) shown in the following table. Project id. 1 2 Cash outflow at time 0 (million Lira) 8 8 NPV (million Lira) 12 11 3 4 6 5 8 6 If 20 million Lira is available for investment at time 0, find the investment plan that maximizes NPV. All investments are required to be 0 or 1 (fractional investment values are not permitted). a. Formulate the mathematical model. (Write the decision variables, objective function and the constraints.) [10 pts.] b. Find the optimal solution by using Branch and Bound method (Draw the branch and bound tree clearly, write also lower bounds(LB)) (Left branches x=0, right branches x =1) [15 pts.].

Answer 2

Question

Chapter 8, Problem 2.4VC

Summary Introduction

Introduction:

Company HR Vice President for café development, Person OM, has the job to select the ideal country, region and city for expansion of company HR and establish its new site. Though the job seems easy as it is said, it involves lot of front and back end work. Person OM has to do lot of research to choose the country and the city and has to negotitate with the local dealers to fix a reasonable cost for setting up the new plant and he stays with the plant for sales up to one year.

Person OM is currently engaged in global expansion in country E, LA and A and has to look at the polititical risk, currency and social norms and proper fitting of the brand in the particular region. His research consists of extensive checklist such as demographics, market, trend analysis, transportation, restaurants, night clubs, political risks, real estate market and HR comparable market analysis.

The site location has been focused on city centeres like city M and B and to find local franchise partner in both location. The company has made decision for 10-15 year of commitment in its operation in the selected location and it employs tools like location cost-volume analysis. It helps to make decision whether to purchase or reconstruct an existing facility. The data obtained are given below.

Factor European city under construction Importance of this factor at this time
A B C D
A. Demographcis 70 70 60 90 20
B. Visitor market 80 60 90 75 20
C. Transportation 100 50 75 90 20
D. Restaurants/night clubs 80 90 65 65 10
E. Low political risk 90 60 50 70 10
F. Real estate market 65 75 85 70 10
G. Comparable market analysis 70 60 65 80 10

To determine: The circumstances and condition under which company HR prefers to franchise a café.

Expert Solution & Answer

Trending nowThis is a popular solution!

See solution

Check out sample textbook solution

Answer 3

Question

Chapter 8, Problem 2.4VC

Summary Introduction

Introduction:

Company HR Vice President for café development, Person OM, has the job to select the ideal country, region and city for expansion of company HR and establish its new site. Though the job seems easy as it is said, it involves lot of front and back end work. Person OM has to do lot of research to choose the country and the city and has to negotitate with the local dealers to fix a reasonable cost for setting up the new plant and he stays with the plant for sales up to one year.

Person OM is currently engaged in global expansion in country E, LA and A and has to look at the polititical risk, currency and social norms and proper fitting of the brand in the particular region. His research consists of extensive checklist such as demographics, market, trend analysis, transportation, restaurants, night clubs, political risks, real estate market and HR comparable market analysis.

The site location has been focused on city centeres like city M and B and to find local franchise partner in both location. The company has made decision for 10-15 year of commitment in its operation in the selected location and it employs tools like location cost-volume analysis. It helps to make decision whether to purchase or reconstruct an existing facility. The data obtained are given below.

Factor European city under construction Importance of this factor at this time
A B C D
A. Demographcis 70 70 60 90 20
B. Visitor market 80 60 90 75 20
C. Transportation 100 50 75 90 20
D. Restaurants/night clubs 80 90 65 65 10
E. Low political risk 90 60 50 70 10
F. Real estate market 65 75 85 70 10
G. Comparable market analysis 70 60 65 80 10

To determine: The circumstances and condition under which company HR prefers to franchise a café.

Expert Solution & Answer

Trending nowThis is a popular solution!

See solution

Check out sample textbook solution

Answer 4

Question

Chapter 8, Problem 2.4VC

Summary Introduction

Introduction:

Company HR Vice President for café development, Person OM, has the job to select the ideal country, region and city for expansion of company HR and establish its new site. Though the job seems easy as it is said, it involves lot of front and back end work. Person OM has to do lot of research to choose the country and the city and has to negotitate with the local dealers to fix a reasonable cost for setting up the new plant and he stays with the plant for sales up to one year.

Person OM is currently engaged in global expansion in country E, LA and A and has to look at the polititical risk, currency and social norms and proper fitting of the brand in the particular region. His research consists of extensive checklist such as demographics, market, trend analysis, transportation, restaurants, night clubs, political risks, real estate market and HR comparable market analysis.

The site location has been focused on city centeres like city M and B and to find local franchise partner in both location. The company has made decision for 10-15 year of commitment in its operation in the selected location and it employs tools like location cost-volume analysis. It helps to make decision whether to purchase or reconstruct an existing facility. The data obtained are given below.

Factor European city under construction Importance of this factor at this time
A B C D
A. Demographcis 70 70 60 90 20
B. Visitor market 80 60 90 75 20
C. Transportation 100 50 75 90 20
D. Restaurants/night clubs 80 90 65 65 10
E. Low political risk 90 60 50 70 10
F. Real estate market 65 75 85 70 10
G. Comparable market analysis 70 60 65 80 10

To determine: The circumstances and condition under which company HR prefers to franchise a café.

Expert Solution & Answer

Trending nowThis is a popular solution!

See solution

Check out sample textbook solution

Answer 5

Chapter 8, Problem 2.4VC

Summary Introduction

Introduction:

Company HR Vice President for café development, Person OM, has the job to select the ideal country, region and city for expansion of company HR and establish its new site. Though the job seems easy as it is said, it involves lot of front and back end work. Person OM has to do lot of research to choose the country and the city and has to negotitate with the local dealers to fix a reasonable cost for setting up the new plant and he stays with the plant for sales up to one year.

Person OM is currently engaged in global expansion in country E, LA and A and has to look at the polititical risk, currency and social norms and proper fitting of the brand in the particular region. His research consists of extensive checklist such as demographics, market, trend analysis, transportation, restaurants, night clubs, political risks, real estate market and HR comparable market analysis.

The site location has been focused on city centeres like city M and B and to find local franchise partner in both location. The company has made decision for 10-15 year of commitment in its operation in the selected location and it employs tools like location cost-volume analysis. It helps to make decision whether to purchase or reconstruct an existing facility. The data obtained are given below.

Factor European city under construction Importance of this factor at this time
A B C D
A. Demographcis 70 70 60 90 20
B. Visitor market 80 60 90 75 20
C. Transportation 100 50 75 90 20
D. Restaurants/night clubs 80 90 65 65 10
E. Low political risk 90 60 50 70 10
F. Real estate market 65 75 85 70 10
G. Comparable market analysis 70 60 65 80 10

To determine: The circumstances and condition under which company HR prefers to franchise a café.

Answer 6

Chapter 8, Problem 2.4VC

Summary Introduction

Introduction:

Company HR Vice President for café development, Person OM, has the job to select the ideal country, region and city for expansion of company HR and establish its new site. Though the job seems easy as it is said, it involves lot of front and back end work. Person OM has to do lot of research to choose the country and the city and has to negotitate with the local dealers to fix a reasonable cost for setting up the new plant and he stays with the plant for sales up to one year.

Person OM is currently engaged in global expansion in country E, LA and A and has to look at the polititical risk, currency and social norms and proper fitting of the brand in the particular region. His research consists of extensive checklist such as demographics, market, trend analysis, transportation, restaurants, night clubs, political risks, real estate market and HR comparable market analysis.

The site location has been focused on city centeres like city M and B and to find local franchise partner in both location. The company has made decision for 10-15 year of commitment in its operation in the selected location and it employs tools like location cost-volume analysis. It helps to make decision whether to purchase or reconstruct an existing facility. The data obtained are given below.

Factor European city under construction Importance of this factor at this time
A B C D
A. Demographcis 70 70 60 90 20
B. Visitor market 80 60 90 75 20
C. Transportation 100 50 75 90 20
D. Restaurants/night clubs 80 90 65 65 10
E. Low political risk 90 60 50 70 10
F. Real estate market 65 75 85 70 10
G. Comparable market analysis 70 60 65 80 10

To determine: The circumstances and condition under which company HR prefers to franchise a café.

Answer 7

Chapter 8, Problem 2.4VC

Summary Introduction

Introduction:

Company HR Vice President for café development, Person OM, has the job to select the ideal country, region and city for expansion of company HR and establish its new site. Though the job seems easy as it is said, it involves lot of front and back end work. Person OM has to do lot of research to choose the country and the city and has to negotitate with the local dealers to fix a reasonable cost for setting up the new plant and he stays with the plant for sales up to one year.

Person OM is currently engaged in global expansion in country E, LA and A and has to look at the polititical risk, currency and social norms and proper fitting of the brand in the particular region. His research consists of extensive checklist such as demographics, market, trend analysis, transportation, restaurants, night clubs, political risks, real estate market and HR comparable market analysis.

The site location has been focused on city centeres like city M and B and to find local franchise partner in both location. The company has made decision for 10-15 year of commitment in its operation in the selected location and it employs tools like location cost-volume analysis. It helps to make decision whether to purchase or reconstruct an existing facility. The data obtained are given below.

Factor European city under construction Importance of this factor at this time
A B C D
A. Demographcis 70 70 60 90 20
B. Visitor market 80 60 90 75 20
C. Transportation 100 50 75 90 20
D. Restaurants/night clubs 80 90 65 65 10
E. Low political risk 90 60 50 70 10
F. Real estate market 65 75 85 70 10
G. Comparable market analysis 70 60 65 80 10

To determine: The circumstances and condition under which company HR prefers to franchise a café.

Answer 8

Expert Solution & Answer

Answer 9

Expert Solution & Answer

Answer 10

Trending nowThis is a popular solution!

See solution

Check out sample textbook solution

Answer 11

Trending nowThis is a popular solution!

See solution

Check out sample textbook solution

Answer 12

Trending nowThis is a popular solution!

See solution

Check out sample textbook solution

Answer 13

Trending nowThis is a popular solution!

Answer 14

Trending nowThis is a popular solution!

Answer 15

Trending nowThis is a popular solution!

Answer 16

Trending now

Answer 17

This is a popular solution!

Answer 18

See solution

Check out sample textbook solution

Answer 19

Ch. 8 - Prob. 1ED Ch. 8 - Prob. 1DQ Ch. 8 - Prob. 2DQ Ch. 8 - Prob. 3DQ Ch. 8 - Prob. 4DQ Ch. 8 - Prob. 5DQ Ch. 8 - Prob. 6DQ Ch. 8 - Prob. 7DQ Ch. 8 - Prob. 8DQ Ch. 8 - Prob. 9DQ

Solution Summary: The author explains how the company HR vice president for café development, Person OM, selects the ideal country, region, and city for expansion and establishes its new site.

Chapter 8 Solutions

Factor	European city under construction				Importance of this factor at this time
Factor	A	B	C	D	Importance of this factor at this time
A. Demographcis	70	70	60	90	20
B. Visitor market	80	60	90	75	20
C. Transportation	100	50	75	90	20
D. Restaurants/night clubs	80	90	65	65	10
E. Low political risk	90	60	50	70	10
F. Real estate market	65	75	85	70	10
G. Comparable market analysis	70	60	65	80	10