Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The product design group of Flores Electrick 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 forecasts 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, has decided tht the following costs are a good estimate of the initial and variable costs connected with each of the 3 strategies:
a) Low Tech: A low-tech, low cost process consisiting 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 variable-cost probabilities of .7 of $.45, .2 of $.40, and .1 of $.35.
c) High Tech: A high tech approach using the very best of the inside staff and the latest computer aided design technology. Fixed cost of $75,000 and variable cost probabilities of .9 of $.40 and .1 of $.35.
What is the best decision based on an expected monetary value (EMV) criterion? (We want the lowest EMV as we are dealing with cost in this problem).
After the occurrence of Hurricane Katrina, insurance companies refused to pay claims to insurance holders who paid premiums on time and had binding legal contracts. What do you thi
Kristina places an order for a cake on Flowers bakery's web site. She then calls the baker to tell him that she will pay him $1000 for the specially designed cake if he will guaran
Q3. What do you understand by “line balancing”? What happens if balance doesn’t exist?
A pension fund has accumulated $1 million in a retirement plan for James B. Smith, who retired this month at age 65. If Mr. Smith has a life expectancy of 75 years, what is the min
Have to set up a Blog for the my inanganiry business, The Business is called "Senior Village" its a whole city in a gated community, the Seniors will not have to leave the grounds
Describe the various approahes to tqm
What exactly is stress? What is the difference between so-called "good" stress or so-called "bad" stress? When it comes to dealing with the stress, does it make any difference whet
Normal Distribution of Frequency in the Histogram The frequency distribution in the histogram was obtained from 200 measurements segregated into seven classes, each class havi
Three possible manufacturing systems can be used to produce a certain product, 1) ten universal milling machines that work in series, each one is producing a specific geometry, 2)
ind a scholarly journal article reporting on one or more of the following techniques: business analytics, dashboards, decision support systems, predictive analytics, or supply chai
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd