Aubree has a strong history of serving customers as Corporate Investment Managers in St.Vincent and the Grenadines, Jamaica and St. Lucia . It is interested in strengthening its relationship with Entrepreneurs in these countries by providing lending services. Aubree recognizes the need and demand for financing of Small Medium Enterprises. However, the Aubree management team realized that before it could scale up the capacity of its financial services department and introduce new lending programs, it needed strong credit and lending policies and procedures in place. To date, Aubree has no loan policies or procedures for Small Medium Enterprises. Given the current economic environment, what are three critical requirements Aubree should include in the possible loan products for the Small Medium Enterprises?

Aubree has a strong history of serving customers as Corporate Investment Managers in St.Vincent and the Grenadines, Jamaica and St. Lucia . It is interested in strengthening its relationship with Entrepreneurs in these countries by providing lending services. Aubree recognizes the need and demand for financing of Small Medium Enterprises. However, the Aubree management team realized that before it could scale up the capacity of its financial services department and introduce new lending programs, it needed strong credit and lending policies and procedures in place. To date, Aubree has no loan policies or procedures for Small Medium Enterprises. Given the current economic environment, what are three critical requirements Aubree should include in the possible loan products for the Small Medium Enterprises?

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter11: Simulation Models

Section11.4: Marketing Models

Problem 30P: Seas Beginning sells clothing by mail order. An important question is when to strike a customer from...

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Seas Beginning sells clothing by mail order. An important question is when to strike a customer from the companys mailing list. At present, the company strikes a customer from its mailing list if a customer fails to order from six consecutive catalogs. The company wants to know whether striking a customer from its list after a customer fails to order from four consecutive catalogs results in a higher profit per customer. The following data are available: If a customer placed an order the last time she received a catalog, then there is a 20% chance she will order from the next catalog. If a customer last placed an order one catalog ago, there is a 16% chance she will order from the next catalog she receives. If a customer last placed an order two catalogs ago, there is a 12% chance she will order from the next catalog she receives. If a customer last placed an order three catalogs ago, there is an 8% chance she will order from the next catalog she receives. If a customer last placed an order four catalogs ago, there is a 4% chance she will order from the next catalog she receives. If a customer last placed an order five catalogs ago, there is a 2% chance she will order from the next catalog she receives. It costs 2 to send a catalog, and the average profit per order is 30. Assume a customer has just placed an order. To maximize expected profit per customer, would Seas Beginning make more money canceling such a customer after six nonorders or four nonorders?
Aubree has a strong history of serving customers as Corporate Investment Managers in St.Vincent and the Grenadines, Jamaica and St. Lucia . It is interested in strengthening its relationship with Entrepreneurs in these countries by providing lending services. Aubree recognizes the need and demand for financing of Small Medium Enterprises. However, the Aubree management team realized that before it could scale up the capacity of its financial services department and introduce new lending programs, it needed strong credit and lending policies and procedures in place. To date, Aubree has no loan policies or procedures for Small Medium Enterprises. 1. Given the current economic environment, three critical requirements Aubree should include in the possible loan products for Small Medium Enterprises are Flexible Repayment Terms, Competitive Interest Rates and, Access to Advisory Services given this further elaborate on these requirements.
Aubree has a strong history of serving customers as Corporate Investment Managers in St.Vincent and the Grenadines, Jamaica and St. Lucia . It is interested in strengthening its relationship with Entrepreneurs in these countries by providing lending services. Aubree recognizes the need and demand for financing of Small Medium Enterprises. However, the Aubree management team realized that before it could scale up the capacity of its financial services department and introduce new lending programs, it needed strong credit and lending policies and procedures in place. To date, Aubree has no loan policies or procedures for Small Medium Enterprises. 1. Given the current economic environment, what are four critical requirements Aubree should include in the possible loan products for the Small Medium Enterprises?
Aubree has a strong history of serving customers as Corporate Investment Managers in St.Vincent and the Grenadines, Jamaica and St. Lucia . It is interested in strengthening its relationship with Entrepreneurs in these countries by providing lending services. Aubree recognizes the need and demand for financing of Small Medium Enterprises. However, the Aubree management team realized that before it could scale up the capacity of its financial services department and introduce new lending programs, it needed strong credit and lending policies and procedures in place. To date, Aubree has no loan policies or procedures for Small Medium Enterprises. 1. Given the scenario, develop and outline at least three critical elements needed for its loan policiesand procedures.
Aubree has a strong history of serving customers as Corporate Investment Managers in St.Vincent and the Grenadines, Jamaica and St. Lucia . It is interested in strengthening its relationship with Entrepreneurs in these countries by providing lending services. Aubree recognizes the need and demand for financing of Small Medium Enterprises. However, the Aubree management team realized that before it could scale up the capacity of its financial services department and introduce new lending programs, it needed strong credit and lending policies and procedures in place. To date, Aubree has no loan policies or procedures for Small Medium Enterprises. 1. Given the current economic environment, what are three critical requirements Aubree should include in the possible loan products for the Small Medium Enterprises?
The Accentuate Consulting Firm has eight projects for which it has contracted with clients to develop computer systems and software. The firm has 35 team members it can assign to the projects. The firm has developed the following profit functions for each project, where equals the number of team members assigned to a project: These functions take into account the project completion time, cost, and probability of successful completion based on the number of team members assigned. The functions reflect the fact that profit increases but at a decreasing rate as team members are assigned. Thus, as additional team members are assigned to a project, the marginal effect decreases. Determine the optimal number of team members to assign to each project in order to maximize profit.
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Tomato growers in the Netherlands have a huge productivity advantage over their competitors in Italy and Greece. Although those countries are sun drenched while the Netherlands are anything but, computerized, climate-controlled greenhouses, and a "soil" spun from basalt and chalk that resembles cotton candy, allows for precise control of humidity and nutrition, and enables growers to produce their crops year around. Growers in Italy and Greece generally grow their crops outdoors or in unheated greenhouses, and can only manage two crops a year. Dutch growers are able to achieve yields that are about ten times per square yard of those of Italian and Greek growers. And the Dutch have a supply chain advantage: an integrated Dutch trading company works closely with supermarket chains in Europe and suppliers around the world, so farmers are able to sell their output in high volume, rather than locally the way many farmers in other countries do. That enables Dutch growers to more closely…
Varma Investment Services must develop an investment portfolio for a new client. As an initial investment strategy, the new client would like to restrict the portfolio to a mix of two stocks: Stock Price/Share Estimated Annual Return (%) AGA Products $ 50 6 Key Energy 100 10 The client wants to invest $50,000 and established the following two investment goals. LO 1, 2
The new Chief Operating Officer (COO) of Lee Ching Chemical Company, MaxChing, has found that the firm has been dumping its toxic waste into the local riverfor the last four years and falsifying information to officials about the amounts ofalleged cancer-causing materials in the waste. The plant overseer claims there is noevidence that the waste will cause cancer. Besides, within a hundred kilometersdownriver, there are only a few fishing villages. If the company had to treat thesubstance to neutralize its potentially harmful effects and transport it to a legaldumpsite, the operating costs of the company would rise to a level that could renderthe company uncompetitive. When the organization loses its competitive advantage,five thousand local workers can become unemployed and the economy of that towncould collapse. Question: If you were the COO, what would you do? Why?
An oil company wants to decide how to allocate its budget. The government grants certain tax breaks if the company invests funds in research concerned with energy conservation. However, the government stipulates that at least 35 percent of the funds must be funneled into research for automobile efficiency (methanol fuel research and emission reduction). The company has a budget of $4 million for investment. The research proposal data are shown in the following table. Maximum Investment Annual Return Project Allowed on Investment ______________________________________________________________ Methanol fuel research $900,000 4.5% Emission reduction $485,000 4.0% Solar cells $800,000 4.0% Windmills $650,000 3.8%…
Primer Inc. offers plumbing and air conditioning services to customers in Kumasi, Ghana. The company’s product strategy is to solve the customer’s problem irrespective of what it takes, at the time the customer needs it solved. The company provides same day service for customers, and the aim is to make the customer happy before leaving.The services of the company are available 24 hours a day, 7 days a week for customers. There is no extra charge for requests made on holidays, odd hours of the day, or in festive seasons. The company aims to be available at the call of customers without charging a pesewa extra, even at times when rival firms won’t get out of bed.The company fixes the price of the service before it begins, and customers can be assured of no extra charges. Irrespective of the customer’s location in the city, Primer Inc. does not charge additional fees for transportation. For all services, the company provides a one year guarantee on all parts and labour used, whiles rival…