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Suppose Sanjay Patel is faced with the following pay-off table. He has to choose how many pizzas to make in advance each day before he knows the actual demand. • His choice is between 40, 50, 60 and 70 pizzas. The actual demand can also vary between 40, 50, 60 and 70 with the probabilities as shown in the table – e.g. P(demand = 40) is 0.1. The table then shows the profit or loss – for example, if he chooses to make 70 but demand is only 50, then he will make a loss of $60. Daily Supply Daily demand Probability 40 pizzas 0.10 50 pizzas 0.20 60 pizzas 0.40 70 pizzas 0.30 40 pizzas $80 $80 $80 50 pizzas 60 pizzas 70 pizzas $0 $(80) $(160) $100 $20 $(60) $100 $120 $40 $100 $120 $140 $80 Show calculations for your answers below: a. Assume that Sanjay is Optimistic, what is the number of pizzas that he should make in advance? b. Assume that Sanjay is Conservative, what is the number of pizzas that he should make in advance? C. Assume that Sanjay is neither optimistic nor conservative, what is the number of pizzas that he should make in advance? d. Assume that Sanjay is using the Expected Opportunity Loss criteria, what is the number of pizzas that he should make in advance? e. What is the Expected Value of Perfect Information that Sanjay would be willing to pay?

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What are three examples of convergent thinking evaluation tools?

Select 3 correct answer(s)

Question 1 options:

a)

The Idea Grid

b)

Random Word Triggers

c)

The Idea Napkin

d)

Assumption Reversal

e)

Lindt Chocolate

f)

ALUO

g)

PMI

Question 2(2 points)

What are two distinct benefits of the ALUO tool compared with others? (Choose two)

Select 2 correct answer(s)

Question 2 options:

a)

Like other evaluation tools, it focuses you on opportunities.

b)

Like other evaluation tools, it highlights what makes your idea unique.

c)

Like other evaluation tools, it focuses you on what makes your idea interesting.

d)

Like other evaluation tools, it uses a 2×2 matrix to evaluate options visually.

e)

Unlike other evaluation tools, it focuses you on what makes your idea interesting.

f)

Unlike other evaluation tools, it uses a 2×2 matrix to evaluate options visually.

g)

Unlike other evaluation tools, it focuses you on opportunities.

h)

Unlike other evaluation tools, it highlights what makes your idea unique.

Question 3(2 points)

Why is an idea napkin a good idea for mapping out a new business idea?

Question 3 options:

a)

It keeps sustainability top of mind

b)

It is colorful and helps you explore your idea using different ink colors to separate your idea from others.

c)

It keeps it in a disposable format, like a napkin that gets wet.

d)

It keeps it short and succinct, like writing on a napkin.

Question 4(2 points)

What is a distinct benefit of the PMI tool as compared with others?

Question 4 options:

a)

Unlike other evaluation tools, it uses a 2×2 matrix to plot and evaluate options visually.

b)

Unlike other evaluation tools, it focuses you on what makes your idea interesting.

c)

Like other evaluation tools, it focuses you on opportunities.

d)

Like other evaluation tools, it uses a 2×2 matrix to plot and evaluate options visually.

e)

Like other evaluation tools, it highlights what makes your idea unique.

f)

Like other evaluation tools, it focuses you on what makes your idea interesting.

g)

Unlike other evaluation tools, it focuses you on opportunities.

h)

Unlike other evaluation tools, it highlights what makes your idea unique.

Question 5(2 points)

What is the way that pattern-breaking thinking tools work? (Choose 2)

Select 2 correct answer(s)

Question 5 options:

a)

Via a game-based solution

b)

Via asking questions

c)

Via a conventional brainstorming technique

d)

Via a related cue or trigger

e)

Via an unrelated cue or trigger

f)

Via thinking about attributes or assumptions that then trigger unusual ideas

Question 6(2 points)

What is a distinct benefit of the Idea Grid tool as compared with others?

Question 6 options:

a)

Unlike other evaluation tools, it focuses you on opportunities.

b)

Like other evaluation tools, it focuses you on what makes your idea interesting

c)

Unlike other evaluation tools, it uses a 2×2 matrix to plot and evaluate options visually.

d)

Like other evaluation tools, it highlights what makes your idea unique

e)

Unlike other evaluation tools, it highlights what makes your idea unique.

f)

Like other evaluation tools, it uses a 2×2 matrix to plot and evaluate options visually.

g)

Unlike other evaluation tools, it focuses you on what makes your idea interesting

h)

Like other evaluation tools, it focuses you on opportunities.

Question 7(2 points)

If it’s so important not to judge people’s ideas, why are convergent thinking evaluation tools important?

Question 7 options:

a)

Because innovation tends to fail in organizations when people do not establish criteria for evaluation and then implement the best ideas.

b)

Because innovation tends to fail in organizations when people let brainstorms run too long and gather too many ideas.

c)

Because innovation tends to fail in organizations when people are too nice to each other and let brainstorms run amok.

d)

Because innovation tends to fail in organizations when there is no judgment of the people who create the ideas.

Question 8(2 points)

Why do we need pattern breaking thinking tools?

Question 8 options:

a)

To get unstuck when you are stuck due to a certain mindset or pattern of thinking.

b)

To understand where things went wrong.

c)

To think clearly.

d)

To complete puzzles.

Question 9(2 points)

What are two examples of pattern breaking thinking tools?

Select 2 correct answer(s)

Question 9 options:

a)

ALUO

b)

The Idea Grid

c)

Assumption Reversal

d)

The Idea Napkin

e)

Lindt Chocolate

f)

Random Word Triggers

g)

PMI

Question 10(2 points)

Entrepreneurial alertness is helpful for entrepreneurs. What is it?

Question 10 options:

a)

It is a special set of observational and consultative skills, such as noticing patterns in the ways that people live their lives.

b)

It is a special set of physical and conceptual skills, such as noticing the way that people personalities affect their buying habits.

c)

It is a special set of observational and thinking skills, such as noticing opportunities that others may have missed.

d)

It is a special set of figurative and thinking skills, such as noticing the way that people buy different products.

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Review the reference topics/links listed in Assignment 1: Instructions (Q1 References). In addition, study the following links/references: Access (Watch video on Breaking Barriers: Harlem Internet Computer Access Program) IXPs (Watch the Euro-IX Video on IXPs) Net Neutrality – New Developments in Net Neutrality How do you relate the subject of net neutrality to average citizens: Burger King I Whopper Neutrality O o O O Summarize in your own words what the issues are as they pertain to these key topics. Why are these issues important to EC and what are some of the key approaches/solutions currently in use? As part of your response, consider the following points: How does the concept of Net Neutrality affect the need for a country (like Canada) to develop more Internet Exchange Points (IXPs)? How would you assess Canada’s maturity to developing IXP’s relative to other countries and where you think it should be positioned? How does Net Neutrality affect Ecommerce? What are some of the challenges that may result if Net Neutrality were to end? Should business support the concept of Net Neutrality? What are some of the arguments FOR and AGAINST?

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Experts long predicted that advances in Al and robotics would transform manufacturing in the coming decades. Then the COVID-19 pandemic hit, and the need for automation suddenly became more apparent than ever. (a) In an automated station, the machine runs without needing to be attended to, at least for most part of the machine processing cycle. Workers are not required except for periodic tending. What are features required to make a system fully automated? (10) (b) Another important aspect, especially when it comes to single automated cells, are parts storage and retrieval subsystem. With the aid of diagram, give TWO examples of a system with the storage capacity.

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