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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. The market forecast is for 200,000 units. The better and more sophisticated the design strategy and the more time spent on value engineering, the less will be the variable cost. The chief of engineering design, Dr. W. L. Berry, has decided that the following costs are a good estimate of the initial and variable costs connected with each of the three strategies:a. Low-tech: A low-technology, low cost process consisting of hiring several new junior engineers. This option has a fixed cost of $45,000 and variable-cost probabilities of .3 for $.55 each, .4 for $.50, and .3 for $.45.b. Subcontract: A medium-cost approach using a good outside design staff. This approach would have a fixed cost of $65,000 and a variable-cost probabilities of .7 of $.45, .2 of $.40, and .1 of $.35.c. High-tech: A high-technology approach using the very best of the inside staff and the latest computer-aided design technology. This approach has a fixed coast of $75,000 and a variable-cost probabilities of .9 of $.40 and .1 of $.35.What is the best decision based on an expected monetary value criterion? (note:we want the lowest EMV, since dealing with costs.)
Expectations of new workforce entrants has- Which of these motivation theories arranges employee needs in a hierarchy of importance?
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explain how Ishikawa has influenced quality practices throughout world; explain how his ideas fit into total quality management; also implications of Ishikawa's ideas for future of quality.
Solutions provides a computer-based document processing service
what course of action would you take to minimize the liability during the new product development cycle.
Traci buys Y&R clothing also likes "look," so she applied for position that day also was hired. This same system is used to hire sales associates from all races also ethnic groups, men also women. Is there a problem with this hiring practice? Expl..
A food processor uses approximately 29,470 glass jars a month for its fruit juice product. Because of storage limitations, a lot size of 4,000 jars has been used.
Densepack company produces disk drives for mainframe computers. The following information is given for optimizing their workforce level
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Businesses not only respond and react to external forces, but can also attempt to influence them
illustrate what will Deal's Production after Adjustment have to be in order to have a 10% reserve of units available for sale.
A company must chose between two shipping alternatives two day freight and five day freight. Using five day freight would cost $135 less than using two day freight.
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