Economics

Economics
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Supplier diversity

Cornell Notes Lecture, reading/chapter/novel/article during class, power point, movies (if need to collect info.) Topic: Payment Schemes for a two-level consignment stock supply chain system Essential Question: In what ways are employers promoting diversity? Questions/Main Ideas: Name: ____________ Date: ___ Notes: Expanding diversity to supply chains Diversifying into the firms that provide them with the raw materials and products and services over work place diversity Insisting on the importance of supply chain diversity Seeking goods from diverse suppliers enhances innovation and places the firm ahead of competition. Promoting Work place diversity Work place diversity entails...

Economics

Cornell Notes Lecture, reading/chapter/novel/article during class, power point, movies (if need to collect info.) Topic:_Payment Schemes for a two-level consignment stock supply chain system -742951016000 -1714544450Essential Question: 00Essential Question: Questions/Main Ideas: Name: _ ___________ Date: ____ Notes: 1.Dual sourcing supply chains In the dual sourcing supply chains, local suppliers act as an emergency source when a random demand is realized. Dual sourcing flexibility is likely to reduce optimal price when the cost of emergency supply is low (Serel, 2015). 2. Single period (newsvendor) dual sourcing Single period newsvendor has a problem of backordering excess...

Econ Paper edited

Student’s Name Course Institution Date Status Quo Bias Concept Status quo bias is defined as the phenomenon where one prefers the situations that they are already familiar with. When people make decisions, they prefer familiar options over the unfamiliar ones (Henderson). Samuelson and Zeckhauser article (1988) presented a real life example of status quo bias. For instance, when a restaurant offers a number of sandwich options to its customers for lunch, people tend to pick a sandwich they have taken before. This is popularly known as regret avoidance where the customer tries to avoid a choosing a new sandwich that they might end up disliking prefering the status quo (the sandwich option...

Integrated Supply Chain Inventory Model With Quality Improvement update

Cornell Notes Lecture, reading/chapter/novel/article during class, power point, movies (if need to collect info.) Topic: Payment Schemes for a two-level consignment stock supply chain system Essential Question: Can the continuous review model minimize the total related cost considering the order quantity, reorder point, lead time, process quality, backorder price discount and number of shipment as decision variables? Questions/Main Ideas: Name: ____________ Date: ___ Notes: Variability of the set up costs and the lead. Although the theory of classical inventory model assumes that the ordering costs and the lead time cannot be varied, the article disapproves as it is possible to shorten...

Economic Problems

Name: Tutor: Course: Date: Economic Problems Both inflation and unemployment form an integral part of the market economy. Additionally, both aspects of economy represent social and economic implications for the communities (Alisa 89). Unemployment, whose basic definition is the absence of active employment that relates to a source of income results in an inability to support the standards of living in addition to low purchasing power which makes the individual helpless in the acquisition of basic commodities that include food, clothing, shelter, education, and healthcare. On the other hand, inflation is the gradual increase in the process of commodities which makes their acquisition...

Integrating Global and Local Procurement For Superior Supplier

Cornell Notes Lecture, reading/chapter/novel/article during class, power point, movies (if need to collect info.) Topic: Payment Schemes for a two-level consignment stock supply chain system Essential Question: How can a global firm make utility of globally integrated procurement organization in achieving local and global responsiveness and superior supplier relations? Questions/Main Ideas: Name: ____________ Date: ___ Notes: Effects of globalization on company structure and strategiesGlobalization is increasingly creating a competitive environment which reduces the lead times for innovation and production which also requires global firms to efficiently manage their...

Incentive systems

Incentive Systems Name Institution Incentive Systems Employees require motivation to work to work towards achieving an organization’s goals. It is important for firms to design good incentive systems for workers to increase their productivity. Markedly, employees consider gifts to be an important incentive (Froeb, McCann, Shor & Ward, 2016). Some companies offer bonuses to their staff as incentives to increase productivity. Managers should make sure that they give workers gifts that are desirable since not all rewards can be seen as appropriate by workers. This shows that workers should not be given flat salaries; they should also be rewarded based on their job performance. Employees...

Sweatshops

Should We Sweat for Sweatshop? Student’s Name (Institution) Abstract Over the years, there have been debates over whether or not sweatshops are appropriate. The opponents argue that they are unethical and promotes the exploitation of the poor. They cite that while the workers in sweatshops are given lots of works and maybe work over time, they get paid cents per hour which undoubtedly are not commensurate with the amount of work they do. Also, they state that sweatshop provide unhealthy environments for the workers and thus they are havens for deadly diseases. The proponents, on the other hand, state that sweatshops are necessary as they provide alternative employment opportunities for...

measuring happiness Paper

Name Instructor Course Date Measuring Happiness Happiness can be measured when defined as the extent to which people judge the quality of their life positively. Self-report together with the evaluation of the report can, therefore, be used to determine the happiness of an individual. The self-report employs the subjective wellbeing (SWB) of an individual to record their general and immediate life perspectives through cognitive and affective components (Frey par. 6). To record the SWB, general social survey or Eurobarometer is used (Frey par. 5). People are asked several questions in an interview or given questionnaires which are later analyzed on scorecards to determine their level of...