Dad and 21 year old son make a contract. Son is a smoker and Dad is disturbed by this fact. Dad promises to Son if he can quit smoking for one year, Dad will pay Son $5,000. Son quits smoking and does not smoke for whole year. When the Son inquires about the $5,000, Dad says “Son, I got you to quit smoking, this is worth much more that $5,000, therefore, I won’t pay you that $5,000.” Could son take Dad to court and sue for the contractual obligation? What issues relating to the consideration of the subject matter of the contract are raised here?

1. what are the unique operational challenges to delivering fresh meals? 2. why is speed of delivery so important for delivered meals? what variety of options contribute to this performance metric? 3. how could operations management concepts be utilized to improve the performance of freshly? 4. what are your typical product delivery times? what would be required to speed these up? 5. what are your delivery batch quantities? how could you reduce batch size and reduce delivery cost simultaneously using operations management concepts?

Suppose that a major city’s main thoroughfare, which is also an interstate highway, will be completely closed to traffic for two years, from january 2014 to december 2015, for reconstruction at a cost of $535 million. if the construction company were to keep the highway open for traffic during construction, the highway reconstruction project would take much longer and be more expensive. suppose that construction would take four years if the highway were kept open, at a total cost of $800 million. the state department of transportation had to make its decision in 2014, one year before the start of construction (so that the first payment was one year away). so the department of transportation had the following choices: (i) close the highway during construction, at an annual cost of $267.5 million per year for two years. (ii) keep the highway open during construction, at an annual cost of $200 million per year for four years. now suppose the interest rate is 80%. calculate the present value of the costs incurred under each plan.

When making a major purchase, i often spend months to learn all the issues?