Compose a four page paper, plus a title and reference page, in APA f.docx
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The document requests a 4-page paper in APA format describing an effective leadership approach from a biblical perspective. It should identify core attributes, provide biblical support by linking to scripture, integrate biblical principles, distinguish the proposed style from popular models, and include a title page and references citing 4 sources with one being the paper itself. Headings should also support the organization of the content.
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mba_600.docx
8 years ago
15
Report Issue
Answer
(
1
)
Daxter
4.7
(
6
)
5.0
(
4
)
Chat
Purchase the answer to view it
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mba_600_2_recovered_1.docx
new_rich_text_document_1.rtf
8 years ago
plagiarism check
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Bids
(
1
)
Daxter
other Questions
(
10
)
HR
Case Study! Trader Joe: Due by 4:00pm today
The Effects of War and Peace on Foreign Aid
PSY Workplace Relationships
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Need help Math homework
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Mauna Loa - Volcano
Applied Sciences
Architecture and Design
Biology
Business & Finance
Chemistry
Computer Science
Geography
Geology
Education
Engineering
English
Environmental science
Spanish
Government
History
Human Resource Management
Information Systems
Law
Literature
Mathematics
Nursing
Physics
Political Science
Psychology
Reading
Science
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Liberty University
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Strayer University
University Of Phoenix
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Home
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Archive
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Contact
Copyright © 2022
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How (if at all) do you see application of the Transition Resilience model?
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Congratulations! You have recently been promoted to the position of .docx
Congratulations! You have recently been promoted to the position of regional manager for Hurts
Car Rental Company in Florida. You need to make pricing decision and fleet size decision for Tampa
branch to maximize its expected total profit in the coming month (with 4 weeks or periods), taking
into account the behavior of both your customers and your competitor.
Hurts has one primary competitor in Tampa with whom Hurts competes for market share. Your
Market Intelligence (MI) has found that the competitor has adopted a masked price following
strategy; that is, the competitors p
2
t
price in period t will follow your last price p
1
t–1 within ±20%
range:
p
2
t = p
1
t–1 × εt
, εt ∼ U[0.80, 1.20], t = 2, 3, 4. (37)
Assume that the competitor begins by choosing the same price as yours in period (week) 1, p
1
1 = p
2
1
.
MI also provides the weekly demand forecast for the coming 4 weeks based on the historical data.
Your and your competitor’s pricing strategies, pt = (p
1
t
, p
2
t
), jointly determine both the market size
Nt(pt) and the market share πt(pt). The market size Nt(pt), or the total number of demands for
Hurts and its competitor in week t, is determined by pt = (p
1
t
, p
2
t
) via
Nt(pt) = b0 + b1p
1
t + b2p
2
t
, (38)
where b0 = 105644.5, b1 = –377.5, and b2 = –676.25.
The market share πt(pt) of Hurts, or the probability that a unit demand choosing Hurts instead of
its competitor, is determined by the Multinomial logit (MNL) model:11
πt(pt) = 1
1 + exp(–c0 – c1p
1
t
– c2p
2
t
)
(39)
where c0 = 0.0875, c1 = –0.0220, and c2 = 0.0170. Note that 0 ≤ πt(pt) ≤ 1, and your competitor’s
market share is 1 – πt(pt).
Therefore, your demand Dt(pt) in week t follows Binomial distribution, Dt(pt) ∼ Bino(Nt
, πt),
where both the number of trials (market size Nt(pt)) and the probability of success (market share
πt(pt)) are determined by the pricing strategies via (38) and (39), respectively. Since the market
size is sufficiently large, as MI pointed out, by Central Limit Theorem, your demand Dt(pt) is
assumed to follow normal distribution
Dt(pt) ∼ N (μt
, σ
2
t
), (40)
where μt = Nt
· πt
, and σt =
p
Nt
· πt
· (1 – πt), with Nt and πt are given in (38) and (39),
respectively.
Each unit demand materializes as a unit sale if met by a day-car supply. Unmet demand is lost.
Thus, your revenue Rt(pt
, St) in week t is given by
Rt(pt
, St) = p
1
t × min(St
, Dt(pt)), (41)
11Based on the historical data, MI estimates coefficients bi
in (38) via linear regression (regress() in MATLAB);
and market share coefficients ci
in (39) via Multinomial logistic regression ( mnrfit(), glmfit() in MATLAB).
49
where St = 7Q is the weekly day-car supply with the fleet size Q, and Dt(pt) is Hurts weekly
demand in (40).
Currently the branch has a fleet of Q = 1500 cars. Total costs are comprised of three parts:
maintenance, inventory and fixed costs. Each unit sale.
Conduct research to understand what a Superfund site is. Write a br.docx
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Car Rental Company in Florida. You need to make pricing decision and fleet size decision for Tampa
branch to maximize its expected total profit in the coming month (with 4 weeks or periods), taking
into account the behavior of both your customers and your competitor.
Hurts has one primary competitor in Tampa with whom Hurts competes for market share. Your
Market Intelligence (MI) has found that the competitor has adopted a masked price following
strategy; that is, the competitors p
2
t
price in period t will follow your last price p
1
t–1 within ±20%
range:
p
2
t = p
1
t–1 × εt
, εt ∼ U[0.80, 1.20], t = 2, 3, 4. (37)
Assume that the competitor begins by choosing the same price as yours in period (week) 1, p
1
1 = p
2
1
.
MI also provides the weekly demand forecast for the coming 4 weeks based on the historical data.
Your and your competitor’s pricing strategies, pt = (p
1
t
, p
2
t
), jointly determine both the market size
Nt(pt) and the market share πt(pt). The market size Nt(pt), or the total number of demands for
Hurts and its competitor in week t, is determined by pt = (p
1
t
, p
2
t
) via
Nt(pt) = b0 + b1p
1
t + b2p
2
t
, (38)
where b0 = 105644.5, b1 = –377.5, and b2 = –676.25.
The market share πt(pt) of Hurts, or the probability that a unit demand choosing Hurts instead of
its competitor, is determined by the Multinomial logit (MNL) model:11
πt(pt) = 1
1 + exp(–c0 – c1p
1
t
– c2p
2
t
)
(39)
where c0 = 0.0875, c1 = –0.0220, and c2 = 0.0170. Note that 0 ≤ πt(pt) ≤ 1, and your competitor’s
market share is 1 – πt(pt).
Therefore, your demand Dt(pt) in week t follows Binomial distribution, Dt(pt) ∼ Bino(Nt
, πt),
where both the number of trials (market size Nt(pt)) and the probability of success (market share
πt(pt)) are determined by the pricing strategies via (38) and (39), respectively. Since the market
size is sufficiently large, as MI pointed out, by Central Limit Theorem, your demand Dt(pt) is
assumed to follow normal distribution
Dt(pt) ∼ N (μt
, σ
2
t
), (40)
where μt = Nt
· πt
, and σt =
p
Nt
· πt
· (1 – πt), with Nt and πt are given in (38) and (39),
respectively.
Each unit demand materializes as a unit sale if met by a day-car supply. Unmet demand is lost.
Thus, your revenue Rt(pt
, St) in week t is given by
Rt(pt
, St) = p
1
t × min(St
, Dt(pt)), (41)
11Based on the historical data, MI estimates coefficients bi
in (38) via linear regression (regress() in MATLAB);
and market share coefficients ci
in (39) via Multinomial logistic regression ( mnrfit(), glmfit() in MATLAB).
49
where St = 7Q is the weekly day-car supply with the fleet size Q, and Dt(pt) is Hurts weekly
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