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Sustainable Supplier Management – A Review of Models Supporting Sustainable Supplier Selection, Monitoring and Development as we as Determining and Applying Sustainable Supplier Key Performance Indicators

Assignment Instructions

To help you retain the information found in this course, each week you are required to submit your “Cornell Notes” for each article required for the week. An MS Word template is attached for your use. Please submit all notes for the week in ONE MS Word document.
Please click here to review information on Cornell Note Taking.
Please complete Cornell Notes on two articles listed below:
Article #1 – Sustainable Supplier Management – A Review of Models Supporting Sustainable Supplier Selection, Monitoring and Development
Article #2 – Determining and Applying Sustainable Supplier Key Performance Indicators
Cornell Notes Template
Cornell Notes Rubric

Supporting Materials

  •  Week 2 – Determining and applying sustainable supplier key performance indicators -.pdf (197 KB)
  •  Week 2 – Sustainable Supplier Management – 23 pages.pdf (993 KB)
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Gross Domestic Product (GDP) is the broadest measure of output for an economy.  However, GDP does not perfectly measure well-being of a nation and its citizens' welfare.  Discuss what GDP is and what it measures?  Discuss what the shortcomings (limitations) of GDP as a measure of well-being and welfare of a nation are?

250 words minimum please!!!
Week 2 Discussion Post2: Gross Domestic Product (GDP) is the broadest measure of output for an economy.  However, GDP does not perfectly measure well-being of a nation and its citizens’ welfare.  Discuss what GDP is and what it measures?  Discuss what the shortcomings (limitations) of GDP as a measure of well-being and welfare of a nation are?

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INTERNATIONAL ECONOMICS -Suppose that the foreign exchange market for dollars in a small African country, X, can be represented by the following demand and supply equations

INTERNATIONAL ECONOMICS

SEQ CHAPTER \h \r 1International Economics Prof. Rivera-Batiz
BAU International University Spring 2018
Assignment #2
Please answer all of the following four questions. This problem set is due February 14th (before class). Note that this problem set is to be answered individually, not by groups, although the solutions can be discussed and analyzed in small groups. The answers must be submitted as a hard copy.
1. Suppose that the foreign exchange market for dollars in a small African country, X, can be represented by the following demand and supply equations:
QD = 15 – 3e
QS = 10 + 2e
where QD represents the quantity demanded of dollars by the private sector in the Country X’s foreign exchange market (measured in millions of dollars), e represents the exchange rate between the local currency, called the tajiri, and the dollar (expressed in tajiris per dollar), and QS denotes the quantity supplied of dollars by the private sector in country X’s foreign exchange market (measured in millions of dollars).
(A) Suppose that Country X and the US are under a system of flexible exchange rates. What would be the equilibrium exchange rate during the period of concern? How many dollars (in millions) would be traded during this period? Provide a numerical answer as well as a diagrammatic answer. Explain your answers.
(B) Suppose now that the government in Country X imposes a fixed exchange rate system, with the exchange rate set at 0.50 tajiris per dollar. Strict controls govern the foreign exchange market, and all transactions (purchases and sales of dollars) occur through the central bank. At the given exchange rate, would the central bank buy or sell dollars from the private sector and what would be the amount of dollars that the central bank of country X would buy from or sell to the private sector in each time period? Given this situation, what would you recommend country X’s central bank do in the future? Should it continue to fix the exchange rate or not? Why? Explain your answers.
2. What do you think are the prospects for the Chinese yuan as an international currency (used by persons, companies and central banks in international transactions) as compared to the U.S. dollar? Do you think the yuan (renminbi) will replace the dollar as an international currency? Why or why not? Please support your answer with any research available on this issue.
3. You are given the following data regarding money supply growth in 2016 for a range of countries. Please find, for the same year, 2016, the rate of inflation of consumer prices. Then, in a graph, plot the money supply growth in the horizontal axis and the inflation rate in the vertical axis. Is the relationship between money supply growth and inflation positive or negative? Why?
______________________________________________________________________________
Country Money Supply Growth in 2016
______________________________________________________________________________
Nigeria 11.6%
Brazil 12.4%
Chile 4.9%
Ghana 22.5%
Pakistan 15.6%
United States 3.8%
Turkey 17.7%
Thailand 4.4%
South Sudan 142.7%
Hungary 6.9%
______________________________________________________________________________
Definition of money supply used is broad money supply, as defined by the IMF.
4. At the beginning of 2016, the economy of Venezuela had an interest rate (lending rate) of 20.8% while the equivalent interest rate in the United States was 3.5%. Using the uncovered interest parity condition, was the Venezuelan bolivar expected to depreciate or appreciate relative to the dollar during 2016? Explain your answer using the analysis of the uncovered interest parity condition discussed in class.
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Problem Solving Approach-1. Discuss the decision behind American Airlines developing and implementing value pricing to gain more market shares.

Problem Solving Approach

Read “American Airlines,” located in Chapter 24 of the textbook, Managerial Economics: A Problem Solving Approach (SEE BELOW). American Airlines announced a new pricing strategy that they believed would address concerns and benefit the company. Conduct further research on American Airlines’ value pricing. Analyze American Airline’s structure and decision to implement value pricing and discuss the following (750-1,000 words):
Discuss the decision behind American Airlines developing and implementing value pricing to gain more market shares.
Prepare this assignment according to the guidelines found in the APA Style Guide. An abstract is not required.
This assignment uses a rubric (SEE BELOW). Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.
American Airlines
In1992, American Airlines (AA), the market share leader in the airline industry, announced a new pricing strategy—Value Pricing. AA believed Value Pricing would address customer complaints and help reverse operating losses by stimulating demand, increasing market share, and reducing costs. American narrowed the number of possible fares from 500,000 to 70,000 by classifying each into one off our classes (first class, coach, discounted 7 and 21 day purchase) and began pricing based on flight length. These changes resulted in lower list prices for both business and leisure travelers.
According to AA, the purpose of Value Pricing was to create “simplicity, equity, and value” in its prices. By simplifying the pricing structure, AA was stabilizing price fluctuations as well as establishing a price floor. The new sys-tem set firm prices based on restrictions and miles flown and eliminated any corporate discount programs. Most importantly, American believed the new fare structure created through Value Pricing would increase volume on the airplanes (raising load factors). AA believed Value Pricing would drive an increase in overall demand through its effort to stimulate travel and economic activity. American also believed these prices would allow AA to increase its market share.
Question: Is this pricing program likely to be successful?
Answer: AA failed to anticipate its competitors’ reactions to this new pricing plan. Had Robert Crandall, the CEO of AA at the time, understood the lessons of game theory; a devastating industry price war might have been avoided. Instead, AA pushed forward with the plan, competitors responded aggressively, and industry profits plummeted. The Value Pricing initiative was abandoned within months of its launch. Instead, Crandall should have tried a strategy that was less easily mimicked by his rivals.
Reference
Froeb, L.M., McCann, B.T., Shor, M., & Ward, M.R. (2014). Managerial economics: A problem solving approach, (4th ed.). Boston, MA: Cengage Learning

RUBRIC
Case Study: American Airlines

  1 Unsatisfactory 0.00% 2 Less than Satisfactory 74.00% 3 Satisfactory 79.00% 4 Good 87.00% 5 Excellent 100.00%
70.0 %Content  
25.0 % Discuss Implementing Value Pricing A discussion on American Airlines implementing value pricing to gain market share is not included. A discussion on American Airlines implementing value pricing to gain market share is present, but it lacks detail or is incomplete. A discussion on American Airlines implementing value pricing to gain market share is present. A discussion on American Airlines implementing value pricing to gain market share is present. There is a detailed decision for developing and implementing this pricing strategy. A discussion on American Airlines implementing value pricing to gain market share is clear. There is a detailed decision for developing and implementing this pricing strategy with a justification for gaining market share with the pricing implementation.
25.0 % Evaluate Impact on Value Pricing Implementation A discussion of the impact external factors had on the results of the value pricing strategy is not included. A discussion on the impact external factors had on the results of the value pricing strategy is included, but it lacks detail or is incomplete. A discussion on the impact external factors had in the results of the value pricing strategy is included. There is some mention of the advantages and disadvantages contributing to the pricing strategy. A detailed discussion on the impact external factors had in the results of the value pricing strategy is included. There is a description of the advantages and disadvantages contributing to the pricing strategy. A comprehensive discussion on the impact external factors had in the results of the value pricing strategy is included. There is a clear description of the advantages and disadvantages contributing to the pricing strategy.
20.0 % Provide Alternative Recommendations to Value Pricing An alternative recommendation to the value pricing strategy is not included. An alternative recommendation to the value pricing strategy is included, but it lacks detail or is incomplete. An alternative recommendation to the value pricing strategy is included. There is some mention of the possible outcome when implementing the alternative recommendation. An alternative recommendation to the value pricing strategy is included. The recommendation is detailed and aligned with the American Airlines vision. There is mention of the possible outcome when implementing the alternative recommendation and an explanation for the proposed strategy. More than one alternative recommendations to the value pricing strategy are included. The recommendations are detailed and aligned with American Airlines vision. There is a detailed description of the possible outcome when implementing the alternative recommendation and an explanation for the proposed strategy.
20.0 %Organization and Effectiveness  
7.0 % Thesis Development and Purpose Paper lacks any discernible overall purpose or organizing claim. Thesis is insufficiently developed or vague. Purpose is not clear. Thesis is apparent and appropriate to purpose. Thesis is clear and forecasts the development of the paper. Thesis is descriptive and reflective of the arguments and appropriate to the purpose. Thesis is comprehensive and contains the essence of the paper. Thesis statement makes the purpose of the paper clear.
8.0 % Argument Logic and Construction Statement of purpose is not justified by the conclusion. The conclusion does not support the claim made. Argument is incoherent and uses noncredible sources. Sufficient justification of claims is lacking. Argument lacks consistent unity. There are obvious flaws in the logic. Some sources have questionable credibility. Argument is orderly, but may have a few inconsistencies. The argument presents minimal justification of claims. Argument logically, but not thoroughly, supports the purpose. Sources used are credible. Introduction and conclusion bracket the thesis. Argument shows logical progressions. Techniques of argumentation are evident. There is a smooth progression of claims from introduction to conclusion. Most sources are authoritative. Clear and convincing argument that presents a persuasive claim in a distinctive and compelling manner. All sources are authoritative.
5.0 % Mechanics of Writing (includes spelling, punctuation, grammar, language use) Surface errors are pervasive enough that they impede communication of meaning. Inappropriate word choice or sentence construction is used. Frequent and repetitive mechanical errors distract the reader. Inconsistencies in language choice (register) or word choice are present. Sentence structure is correct but not varied. Some mechanical errors or typos are present, but they are not overly distracting to the reader. Correct and varied sentence structure and audience-appropriate language are employed. Prose is largely free of mechanical errors, although a few may be present. The writer uses a variety of effective sentence structures and figures of speech. Writer is clearly in command of standard, written, academic English.
10.0 %Format  
5.0 % Paper Format (use of appropriate style for the major and assignment) Template is not used appropriately or documentation format is rarely followed correctly. Appropriate template is used, but some elements are missing or mistaken. A lack of control with formatting is apparent. Appropriate template is used. Formatting is correct, although some minor errors may be present. Appropriate template is fully used. There are virtually no errors in formatting style. All format elements are correct.
5.0 %Documentation of Sources (citations, footnotes, references, bibliography, etc., as appropriate to assignment and style) Sources are not documented. Documentation of sources is inconsistent or incorrect, as appropriate to assignment and style, with numerous formatting errors. Sources are documented, as appropriate to assignment and style, although some formatting errors may be present. Sources are documented, as appropriate to assignment and style, and format is mostly correct. Sources are completely and correctly documented, as appropriate to assignment and style, and format is free of error.
100 % Total Weightage  
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How does a firm then maximize its total revenue? Describe the relationship of the demand curve and total revenue, indicating in which of the four types of market structures this market-pricing power would occur (i.e., pure competition, monopolistic competition, oligopoly, monopoly) in the long run?

Please answer in 75 to 150 words or more.

The definition of a price maker is a “firm with some power to set price because the demand curve for its output slopes downward,” which in effect, means those firms with downward sloping demand curves have some market-pricing power.

All firms potentially have market-pricing power in the short run, but in the long run, only certain firms possess it.

How does a firm then maximize its total revenue? Describe the relationship of the demand curve and total revenue, indicating in which of the four types of market structures this market-pricing power would occur (i.e., pure competition, monopolistic competition, oligopoly, monopoly) in the long run?