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Ahsan Bhatti & Co are the large fruit pulp manufacturer in Pakistan produces two products that are sold as raw materials to companies manufacturing tomato pulp (product A) and mango pulp (product B). Based on an analysis of current inventory levels and potential demand for the coming month, Ahsan Bhatti & Co management has specified […]

 

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Carl and Sally play the following game: Carl will write a character between A and Z inclusive on a piece of paper without showing it to Sally and tells Sally which number he has written. Carl may lay or tell the truth. Sally then must guess whether or not Carl has told the truth. If […]

 

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An example of emergent strategy is provided by the Japanese Honda Company. Honda attempted to enter the United States’ motorcycle market in 1959. It had four machines: a 50cc superb and larger 125cc, 125cc, 250cc and 305 models. The initial annual target was 6000 machines, with each model representing approximately 25 percent of that total […]

 

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In France, the second round of presidential elections involves top two candidates. Assume that the second round of elections are scheduled to be held in next week and you have a dataset, collected through a general public survey, about which candidate is expected to lead and by how much percentage in each of 27 administrative […]

 

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