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Honda Motor Company has discovered a problem in the exhaust system of one of its automobile lines and has voluntarily agreed to make the necessary modifications to conform with government safety requirements. Standard procedure is for the firm to pay a flat fee to dealers for each modification completed. Honda is trying to establish a fair amount of compensation to pay dealers and has decided to choose a number randomly selected mechanics and observe their performance and learning rate. Analysis demonstrated that the average learning rate was 90 percent, and Honda then decided to pay a $60 fee for each repair (3 hours x $20 per flat-rate hour). Southwest Honda Inc., has complained to Honda Motor Company about the fee. Six mechanics, working independently, have completed two modifications each. All took 9 hours on the average to do the first unit and 6.3 hours to do the second. Southwest refuses to do any more unless Honda allows at least 4.5 hours. The dealership expects to perform the modifications to approximately 300 vehicles. What is your opinion of Honda's allowed rate and the mechanics' performance?
What should management do to achieve the highest expected payoff? Explain the conditions under which decision trees can be useful.
Discuss some of the key aspects to developing successful process and systems development projects. Your response should be at least 200 words in length. You are required to use at least your textbook as source material for your response.
Given very dynamic nature of luxury automobile market, also complex engineering also design issues associated with building new cars, illustrate what would you consider most important features of a product development system for Thunderbird produ..
Discuss state licensure requirements that an organization must comply with in order to become a Medicare Advantage Plan, any exceptions to the State licensure requirement, and any cases in which special consideration is given to particular types o..
From institution based and resource based views identify the obstacles confronting MNE's from emerging economies interested in expanding overseas.
what can HR managers do to help facilitate flexible work schedules in their organizations?
Use the general birth-death process to determine 1) the expected number of customers in the shop 2) the probability that the manager will be helping serve customers and, 3) the probability that the store is full.
Discuss the standout features of the companies approaches to managing operations. Discuss the attributes you find impressive about the companies policies and procedures.
Steel co has received an order for exactly 125 tons of steel. Steel co wishes to minimize cost for filling order. Explain how many tons from each Alloy should be in order.
What kinds of "gatekeepers" in the organization might be especially helpful to you in your position as a department supervisor?
Rolf Steps is the production manager for a local manufacturing firm. This company produces staplers and other items. The holding cost is $2 per unit per year.
Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.
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