Case Analysis: Merton Truck Company Linear programming techniques can be used to not only determine the best production mix‚ but also to provide clues and data suggesting ways to improve profits. In 1988‚ Merton Truck Company was searching for ways to increase profits and ultimately its poor financial performance. Options being considered included changing their product mix by either removing or adding a product line‚ or renting capacity. In the following pages‚ the product mix and capacity
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Merton Electronics Corporation About company -Since its founding in 1950 by Thomas Merton‚ Merton Electronics had been a distributor for GEC‚ a large manufacturer of electrical and electronics products for consumer and institutional market. -Over the years‚ in addition to the GEC products‚ the company had added noncompeting lines of electrical appliances‚ records‚ compact discs‚ and cassettes. -Four years later‚ it entered into an exclusive import agreement with the Goldstone Corporation of
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MERTON TRUCK COMPANY 1) No. of Model 101= x‚ no. of model 102=y.Unit contribution/model= S.P – (Variable costs + Fixed cost).For Model 101‚ variable cost=36000 /unit‚For Model 102‚ variable cost=33000/unit.Fixed cost for both the model= 8600000 Therefore‚ total contribution z=39000x+38000y-36000x-33000y-8600000Z=3000x+5000y-8600000 The Constraints are:Engine assembly: x + 2y <= 4000Metal stamping: 2x + 2y <=6000Model 101 assembly: 2x <=5000Model 102 assembly: 3y <= 4500x‚y>=0.Solving
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DXX I NDIAN I NSTITUTE A HMEDABAD OF M ANAGEMENT IIMA/QM-xxx Merton Trucks Case Note Abstract We discuss Merton Trucks [Dhe90a] as a case to introduce linear programming in the MBA program. This case adapted from Sherman Motor Company case‚ was used to introduce Linear Programming formulations as well as duality. Refer to the teaching note [Dhe90b]. Our approach differs from the approach suggested by Dhebar [Dhe90b]. First‚ our audience consists pre-dominantly of engineers with not too much work
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Strain theory was originally pioneered by Robert K. Merton and it was later expanded on by Robert Agnew. Merton’s strain theory argues that individuals engage in deviant or criminal behavior when they cannot achieve socially approved goals by legitimate means (Merton‚ 1938). Essentially‚ deviance is the result of the strain that individuals feel from not being able to achieve their goals through legitimate means. Merton used the American Dream ideology to explain his theory. For example‚ the American
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Utilitarianism theories hold that the moral worth of actions or practices is determined by their consequences. An action or practice is right if it leads to the best possible balance of good consequences over bad consequences for all affected parties. (Arnold‚ pp 17) Utility = whatever produces pleasure or happiness‚ and prevents pain or suffering. Utilitarianism = an ethical philosophy that says the most ethical decision or course of action is the one that maximize utility. Utilitarianism
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Case - Rob Parson at Morgan Stanley Q 1. What is your assessment of Parson’s performance? Should Parson be promoted? Parson equipped with ten years of work experience and networking skills was skeptical when he first got the invitation to join Morgan Stanley. He felt that he did not fit into the typical crowd. Our assessment of his strengths and weaknesses as mentioned in the table below. STRENGHTS WEAKNESSES Strong selling skills Lacks team player abilities Excellent networking capabilities
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Chapter 4 of Lilly‚ Cullen & Ball mainly focuses on Robert Merton and his theories of Anomie and Strain Theories. Merton wanted to theorize the root of social deviance. He did not reject the thoughts of the Chicago school theorists of Sutherland‚ Shaw and McKay‚ but however he did suggest that other factors were involved in such as conditions essential to society and not just in the slums‚ was the center point of the nation’s crime and deviance. He thought the “American Dream”‚ “a message sent
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Every city seems to have a “bad part of town”‚ but what is responsible for crime and social problems in these parts of inner cities? Robert Merton coined the theory of strain in 1938 building off of Emile Durkheim’s concept of anomie‚ or a feeling of normlessness (Cullen text‚ Part V). Robert Merton suggests that every society has a specific set of norms and goals for success‚ and that crime occurs due to the gap‚ imbalance‚ and disjunction between aspiration for these goals and the means to achieve
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In response to Robert Alter’s literary criticism of A Tale of Two Cities‚ I ultimately agree to his claims for the most part. He covers many insightful ideals‚ especially his connection with darkness and light throughout the novel. Alter provides substantial evidence from different literary aspects as seen through his correlating statements to darkness and light being a prevalent element throughout the novel. Symbolically‚ he demonstrates evidence through utilizing figures to represent the concept
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