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A job shop receives an order for high precision formed parts. The cost of producing each part is approximately $20,000. The customer requires that either 4 or 5 good parts be supplied. Each good part sold will yield $30,000. However, if fewer than 4 good parts are produced, none will be purchased. The probability of an individual part being acceptable to the customer is .80. 1/ Determine the optimum batch production quantity given that the job shop has agreed to supply the formed parts. 2/ Is the situation a profitable one for the job shop? I 3/ If not, how must the selling price be changed for the expected profit to be positive?
Discuss short-range plans; include a brief description of the various types of short-range plans. Give a business example of each type of plan.
Find out the break-even point for each range. 80,152. If estimated demand is 90 to 120 customers per hour, explain how many machines should be purchased.
Develop a cultural relativist approach and take sides in the events depicted in the case, accordingly. What can you say about the mandatory use of headscarves in Iran?
What is the possible daily output of this "process" if 8 hours of processing time is available each day? b. Given your output rate in part a, what is the efficiency of the process?
Design a total rewards program based on an existing organization that you have studied earlier in the course or, with the instructor's permission, a different organization.
Every business move involves RISK. Expanding to a global corporate structure introduces is one of the top rated areas of risk right now. What can we learn from the model that IDEO has created regarding innovation?
You are the assistant to the CEO of a small textile firm that manufactures high-quality, premium priced, stylish clothing
the skills they must possess to be effective in the specific role of a manager for a new department within the service division
What is the best decision based on an expected monetary value criterion, The product design group of Flores Electric Supplies, Inc., has determined that it needs to design a new series of switches. It must decide on one of three design strategies
Shirley Hopkins is developing a program in leadership training for middle-level managers. Shirley has listed a number of activities that must be completed before a training program of this nature can be conducted.
What are the risks associated with backdoor (maverick) buying and selling? Why is purchasing interested in controlling this business practice?
Pretentious the addition of one more clerk, illustrate what is the maximum number of applications the process can handle. Explain how would you suggest modifying the process in order to accommodate 120 applications per hour.
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