Future Plastics Manufactures Plastic Products for Industrial Use Worldwide

question 2

Multiple Choice

Future Plastics manufactures plastic products for industrial use worldwide. In order to meet demand, they are considering setting up a facility in each region in order to lower transportation cost and to possibly avoid duties that could be imposed if the product is imported from another region. The disadvantage of this approach is that plants are sized to meet local demand and may not fully exploit economies of scale. Therefore, Future Plastics is also interested in determining the appropriate size of the facility to build in each location and are choosing between facilities with capacities of 5 or 10 million.
The fixed costs of each facility as well as the cost of shipping between regions is shown in the table below. The decision variables are defined as follows:
Xij = quantity shipped from supply region i to demand region j. i = 1, 2, 3, 4 and j = 1, 2, 3, 4.
Yik = 1 if facility k is selected for supply region i; 0 otherwise, where i = 1, 2, 3, 4 for each supply region; k = 1 (low capacity facility) or 2 (high capacity facility)

-The constraint for the South Asia demand region is:

• A) X31 + X32 + X33 + X34 =7
• B) X31 + X32 + X33 + X34 ≤ 7
• C) X13 + X23 + X33 + X43 ≤ 7
• D) X13 + X23 + X33 + X43 = 7

Identify and differentiate between types of health insurance payment models and their impacts on health care consumption.

Grasp the concepts of supply and demand in the health care market and how insurance influences market equilibrium.

Recognize the role of government policies, including tax policies and the Patient Protection and Affordable Care Act (PPACA), in the healthcare system.

Understand the mechanisms through which managed-care organizations like HMOs and PPOs aim to reduce health care costs.

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Definitions:

Achieve Self-Fulfillment

The process of realizing and fulfilling one's talents and potentialities, often considered a primary goal of human life and a central concept in humanistic psychology.

Therapeutic Interpretation

The process in psychotherapy where the therapist helps the client understand and find meaning in their experiences, behaviors, and thoughts.

Repressed Feelings

Emotional experiences that are unconsciously avoided or hidden due to their potentially disruptive or painful nature.

Inner Conflicts

Psychological struggles within oneself that arise from opposing desires or impulses.