Describe how this affect the subsequent bid, Operation Management

Assignment Help:

Lamda Computer Products competed for and won a contract to produce tow prototype units of a new type of computer that is based on laser optics rather than on electronic binary bits. The first unit produced by Lamda took 5,000 hours to produce and required $250,000 worth of material, equipment usage and supplies. The second unit took 3,500 hours and used $200,000 worth of materials, equipment usage and supplies. Labour is $30 per hour.

a. Lamda was asked to present a bid for 10 additional units as soon as the second unit was completed. Production would start immediately. What would this bid be?

b. Supposed there was a significant delay between the contracts. During this time, personnel and equipment were reassigned to other projects. Explain how this affect the subsequent bid?


Related Discussions:- Describe how this affect the subsequent bid

Describe tech theme for smartphones, Explain tech theme for smartphones. Gi...

Explain tech theme for smartphones. Give some examples

Production efficiencies and reducing unit costs, A manufacturer concerned m...

A manufacturer concerned mainly with production efficiencies and reducing unit costs is known as Production oriented.

Explain could speed up a floor buffing machine, Consider this situation: Jo...

Consider this situation: Joseph had an idea that he could speed up a floor buffing machine by putting a different motor on it. After about 25 tries he was able to make a buffer run

Explain members have to perform for a team to be effective, Consider the va...

Consider the various roles members have to perform for a team to be effective. Which roles would play to your strengths and which to your weaknesses?

Explain single pay off, in a -------------------employees are reward by giv...

in a -------------------employees are reward by given company stock or by being allow to purchase it at a price below market value/1.gain sharing plan/2.individual payoff/3.esop/4.

Explain what is the optimal opder quantity for coffee, A special coffeehous...

A special coffeehouse sells Colombian coffee at a fairly steady reat of 30 pounds per month. The beans are purchased from a local supplier for $3.20 per pound. The coffeehouse esti

Compute the optimal quantity and period for this problem, A large supplier ...

A large supplier of electronic components has decided to control the inventory of a certain item by a periodic review, order up to R policy. The mean demand rate for this item is 5

Evaluation techniques in plants, what are the rcording techniques used in p...

what are the rcording techniques used in plants as a part of their evaluation method,with the help of data generate the charts?

Describe kristen''s cookie company case study, Does anyone have any informa...

Does anyone have any information on the questions for the Kristen's Cookie Company case study?

Explain training programs relate to the company''s business, How do Loews' ...

How do Loews' training programs relate to the company's business strategy?

Write Your Message!

Captcha
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