Entries by Paul

Contribution Margin Ratio If you will notice, both formulas use something called Contribution Margin

Contribution Margin Ratio If you will notice, both formulas use something called Contribution Margin Contribution Margin represents the amount of revenue available after all variable costs have been paid for It represents what is left over to pay for the fixed costs The Contribution Margin ratio is the percentage Revenue that the Contribution Margin represents […]

The employee scheduling model in this chapter was purposely made The employee scheduling model in…

The employee scheduling model in this chapter was purposely made The employee scheduling model in this chapter was purposely made small (only seven decision variable cells). What would make a similar problem for a company like McDonald’s much harder? What types of constraints would be required? How many decision variable cells (approximately) might there be? […]