PRTO1111 Lecture Notes - Lecture 1: Walmart, Homeaway, Sensitivity Analysis
26 Sep 2016
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Acc want the teams to meet up and a team would play a certain team a certain amount. Schools in acc make a lot of money from prime viewing times. Mathematical model maximize revenue from tv and attendance which is subject to the following constraints: problem solving, making use of limited resources. Amazon vs. wal-mart: average wal-mart supercenter sells hundreds of thousands, amazon hundreds of millions. Logistics and business model very different: wal-mart. Manufacturer bring stock to cross stock and then trucks from cross stocks get sent to wal-mart stores. Amazon business to consumer model so cross stocking doesn"t work: have fulfillment centers, conveyer belt where people pick items and find stuff in shopping cart. They needed to have fulfillment centers across the country but needed to minimize cost of establishing and operating fulfillment centers subject to 90% of americans are within a days drive: sensitivity analysis can change models.
