Homework $3$

This is an individual homework assignment

You have been hired by Enterprise Car and Truck Rental to acquire the Budget Car and Truck Rental facility in Ballera Airport, Durham, Queensland, Australia. You are to acquire location, overseeing the purchase, acquisition and integration of this store into the company$$s portfolio. You have a planned completion date of January $1,2027$ and your company has agreed to a budget of $$500,000$ to update the store and integrate it into your existing logistics framework.

For each of the following statements, identify whether or not it is a risk that your company must consider with a justification for your choice and any assumptions made. Whether you consider it a risk for your company or not, identify how the risk could be managed or why it is not a risk at all.

If the nearby Ballera Oil facility is closed then the store will lose market share.

If the current owners did not maintain the store, then multiple repairs may need to be done before the stores would be operational.$$

If a store is destroyed by an earthquake after we acquire it$,$ then the company will lose money to rebuild the store.

If a store is destroyed by an earthquake before we acquire it$,$ then the company will lose money due to lost sales.

Consider a waste pond at an oil refinery. Give at least $4$ requirements for this system. For each requirement, describe why they are important to the overall system function.

What are two strengths and two weaknesses of the three methods for soliciting stakeholder input discussed in class?$$

Interview

Focus Groups

Survey

The unit cost from manufacturing $1$ HP electric drive drum mixers at a facility in New Albany, Indiana is represented by the function:

Cost $=1\mathrm{.}5$x$2-12$x $+1500$

where x is the number of mixers manufactured at once. For what value of x would unit cost be minimized? What is the minimum cost at this number of units? Show mathematically that the value found is truly a minimum $($not graphically$).$