What is the annual expected fixing cost of process

Assignment Help Business Management
Reference no: EM132666568

Consider a normally distributed process that cuts wood with a 'process center' of 16 inches and a standard deviation of 0.75 inches. The lower specification limit is 14.75 inches, and the upper specification limit is 17.15 inches. A piece of wood that is cut too short must be scrapped at a cost of $32.00. A piece of wood that is cut too long must be re-cut by hand at a cost of $8.50. The firm runs 20,000 pieces of wood through the machine per day and works 350 days per year.

What is the annual expected fixing cost of this process?

Reference no: EM132666568

Questions Cloud

Ehr implementation in health care system : Please describe in detail planning an EHR implementation in health care System.
Discuss three characteristics of an ethical leader : 1. Discuss, in one paragraph, the concept of business ethics. 2. Discuss ethical leadership and its importance in supporting organisational values.
Explain the organisational change process : Give five (5) reasons why it is important to follow anti-discrimination law and provide equal opportunity, giving a short explanation of each.
Briefly describe the conflict : Briefly describe the conflict and make sure to use at least two different sources, such as a newspaper article, a scholarly article, or a trade (business) publi
What is the annual expected fixing cost of process : Consider a normally distributed process that cuts wood with a 'process center' of 16 inches and a standard deviation of 0.75 inches. The lower specification lim
Ethical responsibility of today corporation : How do the view of externalities impact the ethical responsibility of today's corporation? Do externalities still exist, and if so, give an example?
Define the differences between motivation and persuasion : Define the differences between motivation and persuasion and with good examples to enable me understand it.
Explain the key phases of a change management process : Explain the key phases of a change management process. Explain the organisational change process using Kotter's 8-step change model.
What are some emerging issues in leadership : What are some emerging issues in leadership? Discuss some alternatives to leadership.

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd