专业MBA作业代做-林肯MBA作业代做-EMBA作业代做
MBA505:作业1答案
1. 毕业后，你被一家咨询公司聘用。你的第一个客户是Archer-Daniels-Midland公司(股票代码：ADM)。ADM是一家大型农业综合企业，总部设在芝加哥，2014年净收入超过810亿美元，资产超过440亿美元。你的任务是评估ADM公司在伊利诺伊州Peoria的乙醇生产厂的运营情况，以确保其持续运营为公司带来利润。经过一番研究，你了解了几个基本事实。乙醇工业将各种原料转化为乙醇 (酒精)， 作为燃料使用。在美国，这是一个价值25亿美元的产业，大约有230个加工厂，由120多个不同的公司拥有。由于玉米的价格和可得性，其主要原料(原材料) 是玉米。工厂分布在全国各地，但主要在中西部，以减少原料的运输成本。有两种不同的生产技术，使用原料的不同部分。纤维素生产通常使用玉米芯和其他不用的碎渣，很环保，有未来前景，但目前价格非常昂贵，占美国产量不到1% 。美国乙醇生产的绝大部分是糖/淀粉生产，它将玉米粒中的糖和淀粉转化为燃料。(注意，把蒸馏后的乙醇储存在大的金属容器中时，就是在制造"乙醇"；不过，如果把它储存在橡木桶中时，它就成制造"威士忌"了 )。在占美国产量97%的糖/淀粉类玉米乙醇工厂中 (约2.5%的工厂使用玉米以外的原料) ，有两种加工技术。湿磨和干磨。这些工艺在资本密集度和提取可用物质的成本和效率方面有所不同。本表给出了这两种工艺的关键数据。假设每年的资本成本为8%。
Upon graduation, you’re hired by a consulting firm. Your first client is the Archer-Daniels-Midland Corporation (ticker:ADM). ADM is a large agribusiness firm headquartered here in Chicago, with over $81 billion in net revenue on over
$44 billion in assets in 2014. Your task is to evaluate the operation of ADM’s ethanol producing plant in Peoria, IL to
ensure that its continued operation is profitable for the firm.After a bit of research, you’ve learned several basic facts about ethanol. The ethanol industry converts various
feedstocks to ethanol (alcohol) for use as fuel. In the USA, it’s a $2.5 billion dollar industry, with approximately 230 processing plants owned by over 120 different firms. The primary feedstock (raw material) is corn, due to its price
and availability. Plants are located throughout the nation, though primarily in the Midwest to reduce transportation costs for the feedstock. There are two distinct production technologies that use different parts of the feedstock:
Cellulosic production uses the cobs and other commonly discarded bits of the harvested corn, and so shows some promise as an environmentally sound technology for the future, but currently is so expensive that it comprises less
than ½ of 1% of US production. The vast majority of US ethanol production is sugar/starch production, which transforms the sugars and starches within the corn kernels into fuel. (Note that when you store the ethanol in large
metal containers after distillation, you’re making ‘ethanol’; when you do it in oak casks,it’s called ‘whiskey’ or ‘bourbon’, depending on the region.)
Within the sugar/starch category of corn ethanol plants that comprises 97% of US production (about 2.5% of plants use feedstocks other than corn), there are two processing technologies: Wet milling and Dry milling. These
processes differ in their capital intensiveness and in the cost and efficiency of extraction of usable material. Key data for the two processes are given in this table. Assume a cost of capital of 8% per y
任务1绘制一个湿磨厂的边际成本曲线和平均总成本曲线。假设在工厂如果暂时关闭的话，管理费用无法收回。
任务2 画出干磨厂的边际成本曲线和平均总成本曲线。
任务3 ADM公司的Peoria工厂是一个湿磨工厂。假设乙醇的价格是每加仑1.02美元。ADM 公司是否希望暂时关闭Peoria工厂的运营？对ADM来说，经营Peoria工厂的最低乙醇价格是多少？
任务4 画出当前乙醇的短期产业供给曲线。
任务5 验证目前1.53美元的均衡价格是否与你上面得出的短期供给曲线相一致，结合需求函数 Q=46.1-20P，其中Q的单位为：。
任务6 假设乙醇的需求量变为 Q = 23.05 - 10P。你预测短期内的新价格会是多少？在新的短期均衡中，将生产多少乙醇？干磨厂将生产多少？湿磨厂呢？
Task 1: Draw the marginal cost curve and the average total cost curve of a wet milling ethanol plant. Assume thatthe overhead cost is not recoverable if the plant shuts down temporarily.
Task 2: Draw the marginal cost curve and the average total cost curve of a dry milling ethanol plant.
Task 3: ADM’s Peoria plant is a wet-milling plant. Suppose the price of ethanol were $1.02 per gallon. Would ADM wish to temporarily suspend operations (shut down) at the Peoria plant? What is the minimum ethanol price at which
operating the Peoria plant is optimal for ADM?
Task 4: Draw the current short-run industry supply curve for ethanol.
Task 5: Verify that the current equilibrium price of $1.53 is consistent with the short-run supply curve you derived above, combined with the demand function Q = 46.1 − 20P,where Q is billions of gallons per year.
Task 6: Suppose the demand for ethanol changes to Q = 23.05 − 10P. What do you predict will be the new price in the short run? How much ethanol will be produced in the new short-run equilibrium? How much will be produced by dry
milling plants? Wet-milling plants?
2. Abbvie制药公司 (总部位于伊利诺伊州森林湖) 开始了一个1000万美元的研发项目，开发一种治疗罕见疾病的新药。到目前为止，已经花了1000万美元中的600万美元，初步结果很不错，如果剩下的400万美元也被投资的话，药物研发肯定能完成，预计将为Abbvie公司带来1800万美元的现值利润。与此同时，伊利诺伊理工大学的一位研究型生物学家已经独立开发了一种治疗相同疾病的方法。这位科学家提出以200万美元的价格向Abbvie公司出售她的发明。她的药物和Abbvie的药物一样有效，而且也将产生1800万美元的现值利润。
a) Abbvie应该以200万美元的价格购买这种药物吗？
b) Abbvie公司应该愿意为这位伊利诺伊理工大学的研究人员的药物支付最多的费用是多少？
c) 如果这位伊利诺伊理工大学的生物学家在两年前，也就是在Abbvie开始自己的研发项目之前就开发出了她的药物，答案会有什么变化？
AbbVie Pharmaceuticals (headquartered in Lake Forest, IL) has commenced a $10 million R&D project to develop a new drug to treat a rare disease. So far, it has spent $6 million of the $10 million, and preliminary results are positive.
If the additional $4 million is invested, the drug will certainly be completed and is expected to generate profit of $18 million in present value for AbbVie. Meanwhile, a research biologist at Illinois Tech has independently developed a treatment for the same disease. The scientist has offered to sell her invention to AbbVie for $2 million. Her drug would be just as effective as AbbVie’s drug, and would also generate profit of $18 million in present value.
a. Should AbbVie buy the drug for $2 million?
b. What is the most AbbVie should be willing to pay for the Illinois Tech researcher’s drug?
c. How would your answer change if the Illinois Tech biologist had developed her drug two years ago, before AbbVie
started its own R&D project?
3. 在一个电子传感器市场上有两个利基市场，一个是尺寸 (小型传感器是首选) ，另一个是性能 (高性能传感器是首选) 。两家公司，A和B ，必须同时选择他们产品的目标市场。回报矩阵如下所示，其中利润的单位是： 。
There are two niches in a market of electronic sensors, one is SIZE (where smaller sensors are preferred) and the other is PERFORMANCE (where high performance sensors are preferred). Two firms, A and B, must simultaneously choose which niche to target their product to. The payoff matrix is shown below, where profits are listed in millions of dollars.
任务1 如果存在纳什均衡，请全部找出来。
任务2 现在假设公司A有机会首先行动，在公司B行动之前选择它的利基市场，用树状图来显示公司A将选择哪个利基市场？
任务3 和目前的博弈相比，A公司愿意向B公司支付多少钱，以换得一个能够首先行动的机会。
Task 1: Find all of the Nash equilibria, if any.
Task 2: Now suppose firm A has the opportunity to move first, choosing its niche before firm B. Use a tree diagram to show which niche will company A choose?
Task 3: How much would firm A be willing to pay to B so that A could move first. The alternative is to keep playing the current game.
