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- Discuss Deterministic Safety Factor-Based MethodsThe owner of an independent full-service lodging property has reviewed your proposal for the installation of a property management system. The proposal is thorough; it includes all the necessary steps outlined in this chapter. However, the owner says that due to economic conditions at this time, we have to cut back and purchase only five of the eleven modules in the proposal. Which of the five modules would you maintain? Justify your decision. a. Reservations b. Revenue Management c. Registration d. Room Status e. Posting f. Call Accounting g. Back Office h. Housekeeping i. Food and Beverage j. Marketing and Sales k. Night Audit *Write in at least 1000 count of words.*Which one applies to an impatient individual? Have high discount factors Have low discount rates More likely to become a physician More likely to become a surfer
- Your current prices are $311 in the Southwestern region; $278 in the western-region and $240 in the New England region. Your marginal cost is now $212.21. Given the predicted changes in quantity demanded by region per problem 1 using the stay even analysis %ΔQd = %ΔP/[%ΔP +((P-MC)/P)], can you raise prices by 7% in any of the regional markets? State your conclusion and then show the all the steps supporting your conclusion. (Note you are not being asked to compute the new price. The predicted changes in quantity demanded by region per problem 1 are: 19.32 or 19% percent change in quantity demanded for the Southwestern region Western Region is 0.245 or 24.5 or 25% NE Region is 0.4032 or 40.32 or 40% I don't understand this question and need assistance.A market entry strategy is the planned method of delivering goods or services to a target market and distributing them there. Several entry modes like joint venture, direct investment, acquisition, indirect importing and direct importing are adopted by business entities to enter in new market. Once a firm named Nishat Linen decides to enter a foreign market, the question arises as to the best mode of entry. Discuss advantages and disadvantages of different entry modes that manager must need to consider when enter the foreign market? Moreover, being a marketer which entry mode you chose for the Nishat Linen and Why?Question 3 Consider a medieval Italian merchant who is a risk averse expected utility maximiser. Their wealth will be equal to y if their ship returns safely from Asia loaded with the finest silk. If the ship sinks, their income will be y − L. The chance of a safe return is 50%. (i) Draw and carefully label the merchant’s endowment point, their expected income, and their cer- tainty equivalent income in a 2-dimensional state-contingent consumption space. (ii) Use the diagram to illustrate and explain how the merchant would benefit from buying insurance in a competitive insurance market. At which point a risk-neutral insurance firm would maximise their profits by offering the merchant full insurance?
- Suppose that the expected value of weekly profits for an ice cream shop, before paying the manager, Amy, is where e is Amy's weekly overtime hours. Amy is risk-neutral but incurs a cost for working overtime. Thus, total expected surplus is What level of effort maximizes total surplus? The value of overtime that maximizes total surplus is e = hours. (Enter your response rounded to one decimal place.) E(л) = 500 + 9e, C(e) = e² E(S)=E(¹) - C(e).Amazon initially selected two locations for US headquarters-NYC and Northern Virginia. It recently withdrew from NYC due to opposition regarding the incentive costs and impact on the environment. New Jersey is also re-evaluating its incentive grant program.In general, do you believe that state and local incentive programs are effective in maintaining or attracting corporate business?Marginal Cost of: C = 10 + 10q – 4q2 + q3 Thanks in advance!
- William purchased a universal life policy on his own life. When his son Ben turned 25, William changed the life insured to Ben's life, and transferred ownership of the policy to Ben. The policy has a cash surrender value of $50,000 and an adjusted cost basis of $22,000. Ben took a policy loan of $10,000 for each of the next five years to travel around the world. He surrendered the policy after five years. Which of the following statements is true? a) William would have $28,000 of taxable income as a result of the transfer. b) Ben would have $10,000 of taxable income for each of the five years. c)Ben would have about $5,600 of taxable income for each of the five years. d) William would have $22,000 of taxable income as a result of the transfer.Assume you are an engineer working for a chemical production company. You are on the technical team that is responsible for deciding what to do about the dangerous chemical that your company is using to produce its best-selling chemical product. Recent reports have just made known the dangers of this chemical, and the company now needs to decide how to proceed. There are several options to consider: stop producing the harmful product altogether and take a hit on total profits; continue to make the product and sell it, like nothing's wrong, since the federal government has not cracked down. You could also spend money and engineering efforts in R&D to develop a safe chemical that would take its place. There is no guarantee that this would happen any time soon, but the scientists think it is realistically possible. To make matters worse, your biggest competitor produces this harmful product off-shore and is not hampered by the US regulations. If you stop producing this product…Discuss how one is able to describe the riskiness of the decision-taker’s situation in ways which are intuitively appealing and analytically tractable.