Formulate the inventory balance constraint for an aggregate planning problem, where t – time period, Dt – demand, It – end-of-period inventory, Pt – production quantity, Ct – subcontracted quantity, and St – end-of-period stock-out/backlog.

In the context of decision tree methodology, calculate the expeceted profit. With a probability of 0.6 revenues are $11,500, and variable costs are $6,325, and with a probability of 0.4 revenues are $7,200, and variable costs are $3,960. Fixed costs on a per period basis are $1,000.

Allocating too much capacity to a location results in

A firm may choose to build a flexible global supply chain even in the presence of little demand or supply uncertainty if

The aggregate plan needs to

In reality, demand, prices, and exchange rates are

Building some over-capacity in the supply chain network and making the capacity flexible allows a firm to alter production flows within the supply chain to

Positive externalities cause

Select 1 to respond to.Option 3: Americans are surprisingly united in their belief that political parties suck. Citing multiple assigned materials from the course, explain why people dislike political parties and why, despite these reasonable complaints, American democracy in unlikely to be sustainable without parties. Option 4: Bernard Berelson and Paul Lazarsfeld (1940) are known for their take on the sociological model of voting behavior, while Anthony Downs (1957) proposed an economic theory of voting, and Angus Campbell, Philip Converse, Warren Miller, and Donald Stokes (1960) are (political science) famous for the sociological-psychological model of voting behavior outlined in The American Voter. Together, these tell us a few things. First, they didn’t let women into graduate programs in political science or economics in significant numbers prior to the 1980. Second, trying to explain why people vote they way they do is quite difficult. Using the assigned readings, briefly explain the sociological model, economic model, and sociological-psychological models of voting behavior. Which do you think comes closest to explaining voting behavior and why?

Write the exponential equation as an equation involving a logarithm.