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Q. A workshop is about to install a new machine for stamping and pressing parts for domestic appliances. 3 suppliers have made bids to supply machine. First supplier offers Basic or machine which automatically produces parts of acceptable, but not outstanding quality. Output from machine is variable (depending on material supplied and a variety of settings) but could be 1000 a week (with probability o.1), 2000 a week (with probability 0.7) or 3000 a week. Notional profit for this machine is $4 a unit. Second supplier offers a Super stamp machine which makes higher quality parts. Output from this can be 700 a week (with probability 0.4) or 1000 a week, with a notional profit of $10 a unit. Third supplier offers Switch cover machine which can be set to produce either 1,300 high-quality parts a week at a profit of $6 a unit or 1600 medium-quality parts a week with a profit of $5 a unit.
If machine produces 2000 or more units a week, it is possible to export all production as a single bulk order. n re is a 60% chance of selling for 50% more profit and a 40% chance of selling for 50% less profit. Illustrate what should be d1 to maximize expected profits?
Describe how would waiting time change if the Corporation decides to limit all rentals to exactly 72 hours. Suppose which if such a restriction is imposed, the number of customers requesting a phone would be reduced to 20 customers per day
Illustrate under what circumstances would GMA or cognitive ability tests be appropriate for promotion decisions. Are there other methods that might be more valid.
As an introduction to this training series, write a two-to-three page paper outlining the common law tradition and sources of law
Based first on your analysis of the survey data also then on your analysis of the crossover charts, give a justification for every location. Give a complete list of reasons for not selecting every of the 3 sites.
Using Johnson's rule, illustrate what order should these occupation be done. Select one of the following answers.
Determine the crossover point for the two options. Please give the formula for calculating crossover points, at least one step of calculation, and the correct answer for full credit.
Why are feedbacks loops so important in monitoring supply also demand. Where the feedback loops should be placed also why in these locations.
There is a process which must be developed also then followed to help ensure a successful portfolio. Let's start this discussion by examining what decisions must be made before a project is actually looked at or considered. So where do you start i..
this product hangs up also needs resetting every 200 hours. On average about 45 minutes is needed to reset this product. Elucidate what is this product's availability.
The Corporation's market research department advises the Corporation to use at most 90% of the advertising budget on television ads. Describe how should the advertising budget be allocated to maximize the total audience.
Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..
Cite industry examples for at least two of the six Supply Chain strategies introduced in class and a brief description is expected for each example.
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