Decision Modeling
Complete Problem 7 in" rel="nofollow">in Chapter 3 in" rel="nofollow">in the text. Develop a two to three-page busin" rel="nofollow">iness memorandum (not in" rel="nofollow">includin" rel="nofollow">ing the title and reference pages, and formatted as outlin" rel="nofollow">ined on pages 30 through 32) to detail your answers and recommendations. To receive full credit for this assignment you must address the followin" rel="nofollow">ing: (a through d):
Determin" rel="nofollow">ine the optimal weekly production schedule for MVC. What is the optimal weekly profit?
What is the min" rel="nofollow">inimum price that would justify producin" rel="nofollow">ing the Plus Model? Explain" rel="nofollow">in.
If MVC could purchase additional 17 in" rel="nofollow">inch monitors for $15 more than what they are currently payin" rel="nofollow">ing for them, should they do this? Explain" rel="nofollow">in.
Suppose an additional worker could be hired for $1000 per week over the existin" rel="nofollow">ing weekly worker salary. (Recall that workers average 30 hours per week.) Analyze why MVC should do this.
Submit to your in" rel="nofollow">instructor your two- to three-page paper (not in" rel="nofollow">includin" rel="nofollow">ing title and reference pages). Your paper should be formatted accordin" rel="nofollow">ing to APA style as outlin" rel="nofollow">ined in" rel="nofollow">in the approved APA style guide, and should cite at least three to four scholarly sources in" rel="nofollow">in addition to the textbook.