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
Premium Contribution margin Variable cost Costs
In our reading for this week we talked about the four norms of Merton. This was first used in 1942. The norms are universalism‚ communism‚ disinterestedness‚ and organized skepticism. These were the keys to Merton social structure of science. Once learning about the four we can take those to learn how to interpret the norms‚ and use them in boundary work. Interpreting is not knowing the definition of these norms‚ but how they are used. Using them to connect other things in life and science. Which
Premium Scientific method Theory Science
Cooper Industries’ Corporate Strategy Case Analysis Company Vision The vision of Cooper Industries‚ as stated in the case‚ was to do an ‘outstanding job at the unglamorous part by making necessary products of exceptional quality.’ The goal was to operate in industries that had become somewhat of a necessity for consumers. Examples of such industries include: power transmission‚ hand tools‚ drilling and others. Cooper industries had started in 1833‚ as an iron foundry‚ and had existed most of
Premium Management Cooper Industries Business
poverty result in her joining a biker gang? Merton’s theory outlines five ways in which people can adapt to society’s goals through different means. The options are conformity‚ innovation‚ ritualism‚ retreatism‚ and rebellion. These options or as Merton calls them; modes of adaption changes based on the individuals own response to the goals and means. Conformity is the most common option in society. The individual accepts both the common goal and the means to obtain the goal. The person works‚ goes
Premium Sociology
One of the well know socialists of the twentieth century is Robert K. Merton (1910-2003). He is a major theorist who is known for creating several pivotal sociological concepts. One of his most important achievements has been the established connection between theory and research‚ thereby making the way for the course of sociology. Merton favored what he called middle range theories: these are theories that “lie between minor but necessary working hypotheses that evolve in abundance during day to
Premium Sociology Socialism Karl Marx
Case Analysis on the Article‚ ¡§Competitive Turbulence in the Airline Industry¡¨ (Segmentation‚ Targeting and Positioning) EXECUTIVE SUMMARY Airline industry has 4 sectors identified: Full-service‚ Budget‚ Limited-service‚ Premium-service Segmentation and Targeting: Psychographic‚ Behavioral‚ Geographic and Demographic Positioning: Value proposition matrix (more for more‚ less for less‚ etc.) Conclusion and Recommendations: « SIA in marginal value proposition
Premium Airline Low-cost carrier Southwest Airlines
Question 1 With the use of Merton Model‚ the probability of Default (PD) of each firm is summarized as follow: Company Name | ASX Code | Probability of Default | Adelaide Brighton Limited | ABC | 0% | Buderim Ginger Limited | BUG | 26.079% | FFI Holdings Limited | FFI | 0.056% | McPherson’s Limited | MCP | 0.003% | Reece Australia Limited | REH | 0% | Vietnam Industrial Investments Limited | VII | 2.472% | Question 2 Using 15 Sep 2008 as a cut-off point‚ the pre and post results
Premium Finance Corporate finance Default
Meyer R. Scholnick also known as Robert King Merton was born on the 4th of July 2010 in Philadelphia in a Jewish family from Russia that immigrated to the United States of America. He took advantage of the culture riches surrounding him by frequenting nearby cultural and educational venues when he was in High School. Merton’s numerous childhood encounters composed a basis for his theory of social structure. The field of criminology and criminal justice has employed many of Merton’s prominent concepts
Premium Sociology
Marx‚ Durkheim‚ and Weber have engaged in describing the interrelationships between social phenomena. This paper will address functionalism from Robert Merton’s perspective by looking at his significant contributions to functional analysis. Robert Merton (1910-2003) attempted to rectify some of the weaknesses within structural functionalism. Specifically‚ he criticized the underlying assumptions of functionalism and added complexity to how structural functionalism dealt with the relationship
Premium Sociology
459). Regardless of the minor modifications made within his theory‚ Merton has done little to resolve the basic problem‚ leading his concepts to have a “double meaning” (Rosenfeld‚ 1989‚ p. 459). For instance‚ “it is not clear from Merton’s discussions whether legitimate means refers to opportunities or outcomes‚ to access
Premium Sociology Capitalism Marxism