Answer:
Firstly i will discuss General electric philosophy. So, what happens is sometimes when you don't put pressure on managers then they become lethargic and slow. For this matter they needs reminder to stay on tip of their game. But at the same time its demotivating too.
Secondly, in Valero energy they believe in psychological safety, to make their employees feel secure and safe. It has great impact on employee performance.
Actually, company's performance is not measured by profit and loss alone. It also measures by other factors like employee safety, employee motivation, impact of policies on employees and bringing positive addition to the life of employee.
General electric is high performing company in terms of profit and revenue. They follow negative reinforcement philosophy.
Both concepts eargs the employees to perform better. But one approach is better i.e to make them feel secure and make them believe that company cares for their career, future and well being. That actually motivates the employee. In return employees works wonders for that company.
In latest HR practices, many professionals are shifting from General electric philosophy to Valero energy philosophy. Because it increases productivity of employee by positive reinforcement. Which actually is better.
Answer :
Some answers are attached below
Explanation:
a) Based on the information provided, below are the all possible sensible patterns the lumberyard may use to cut the 10-ft boards -
Pattern Number 3-ft boards 4-ft boards 5-ft boards Waste (<3-ft)
1 3 0 0 1
2 2 1 0 0
3 1 0 1 2
4 0 1 1 1
5 0 2 0 2
6 0 0 2 0
b) ILP Formulation
Objective Function
Minimize Number of 10 ft-boards to be cut
Z = x1+x2+x3+x4+x5+x6 where xi is the number of boards for pattern i
subject to constraints -
3x1+2x2+x3>=90 ----> 3-ft boards
x2+x4+2x5>=60 ----->4-ft boards
x3+x4+2x6>=60 ----->5-ft boards
Xi>=0 ---->Non-negativity constraint
Below is the excel solver formulation and solution -
The optimal number of Pattern 1,5,6 =0, Pattern 2,3 and 4 = 30
The minimum number of 10 ft-boards to be cut = 90
Answer:
The answer is $53,699
Explanation:
Discount = 2%
Discount days = 15 days
Net days = 40 days
Gross purchase is $800,000 per year
Discount on the purchase is $16,000(2% of $800,000)
Therefore net purchase is $784,000($800,000 - $16,000).
Net per day is:
Net purchase ÷ 365 days
$784,000 ÷ 365 days
= $2,147.95
Total trade credit = Net per day x Net days
$2,147.95 x 40 days = $85,918
Free credit = Net per day ×Discount days
=$2,147.95 x 15= $32,219
Therefore, Costly trade credit = Total credit −Free credit
$85,918 - $32,219
= $53,699
