Joe has now been released from his government job. based on his excellent performance, he was able to land a job as production scheduler in a brand-new custom refinishing auto service shop located near the border. techniques have improved in the several years he was out of circulation, so processing times are considerably faster. this system is capable of handling 10 cars per day. the sequence now is customizing first, followed by repainting.

car customizing time (hours) painting (hours) car customizing time (hours) painting (hours)

1 4.0 1.6 6 3.3 2.5

2 3.6 0.8 7 3.7 3.4

3 2.5 1.4 8 0.7 0.5

4 0.5 0.6 9 1.6 1.5

5 1.8 1.7 10 1.9 1.8

determine the order of selection and in what sequence should joe schedule the cars? note: be sure to enter the position of each car in the sequence, not the sequence of cars.

The east asiatic company (eac), a danish company with subsidiaries throughout asia, has been funding its bangkok subsidiary primarily with u. s. dollar debt because of the cost and availability of dollar capital as opposed to thai baht-denominated (b) debt. the treasurer of eac-thailand is considering a 1-year bank loan for $247,000.the current spot rate is b32.03 /$, and the dollar-based interest is 6.78% for the 1-year period. 1-year loans are 12.04% in baht. a. assuming expected inflation rates of 4.3 % and 1.24% in thailand and the united states, respectively, for the coming year, according to purchase power parity, what would the effective cost of funds be in thai baht terms? b. if eac's foreign exchange advisers believe strongly that the thai government wants to push the value of the baht down against the dollar by5% over the coming year (to promote its export competitiveness in dollar markets), what might the effective cost of funds end up being in baht terms? c. if eac could borrow thai baht at 13% per annum, would this be cheaper than either part (a) or part (b) above?