Joint-Venture ; India ; Venezuela ; intercultural negotiation ; CROSS CULTURAL MANAGEMENT ;
The economic crisis is predominant and there is no many evolution because of the market saturation. So, to be profitable for each countries, companies should adopt and internationalization strategy to be competitive on their market and increase their market-share. If companies are able to extend themselves creating foreigner subsidiaries they are able to make association with other companies. But, to put in place internationalization, many intercultural factors must be taken in place.
We have the situation that a Venezuelan and Indian companies want to make a joint venture.
[...] Sensitivity analyses are very important in order to determine how “sensitive” a model is. That permits to know how it will change in the structure of the model with a changes of values of the parameters. That will permit to analyze the uncertainties of certain parameters in a model and try to find the best way in order to make the model useful and valid. So, it is a technique that permits to determine the effect of changes in a model and sensitivity analysis is useful. [...]
[...] Which is the maximal quantity of flow that can reach the destination nodes and from the source nodes ( and Which is the optimal distribution of flow (from source nodes via transshipment nodes to destination nodes) to satisfy demand in destination nodes and minimizing transportation costs? Bibliography What means these terms? Color chips The color chip was the first class exercise that we did in class in order to introduce the linear program and the solver program. We had to find what the best combination possible was. We had constraints (of making combination) and the main goal was to use the maximum of chips in order to find the best combination. [...]
[...] We suppose that two constraints have the following shadow prices: Constraint 345.55 and constraint 12.90 According to Wikipedia.com, in constraint optimization in economics, the “shadow price is the change in objective value of the optimal solution of an optimization problem obtained by relaxing the constraint by one unit.” But, in business application, a shadow price is “the maximum price that management is willing to pay for an extra unit of a given limited resource.” So, the shadow price is “the amount that the objective function value would change if the named constraint changed by one unit. The shadow price is valid up to the allowable increase or decrease in the constraint. The shadow price after the constraint is changed by the entire allowable amount is unknown, but it always less favorable than the reported value due to the law of diminishing returns. To determine if a constraint is binding, compare the final value with the constraint RH Side. [...]
[...] Our group was very next to the ideal combination, and only one group found the right solution. In order to prove that the group found the best solution, we used the solver to check it. The decision variable was chips, the objective function was the value of chips and constraints were the maximization of chips in order to earn a maximum of money. Thanks to the solver, we confirmed that only one group had the best solution and we noticed that some groups were focused on the higher number but we saw that if we maximized each value we found the best combination. [...]
[...] Each compartment has limits on both weight and space. We also have the weight of each compartment of the cargo which must be the same of compartment's weight capacity in order to maintain the balance of the plane. So, we have to determine how much of cargo we could have in the plane and how to distribute each compartmented in order to maximize the total profit of the flight. So, we have to formulate the linear program in order to maximize the total profit of the flight.the sensitivity analysis will satisfy entire constraints and the feasibility of the objective function. [...]
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