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A foundry receives an order for specialty castings. Cost of producing each casting is estimated to be $15,000. The customer requires that exactly 4 good castings be supplied. The customer will pay $20,000 for each good casting. If fewer than four good castings are available, none will be purchased. Each casting is produced independently and the probability of an individual casting being acceptable to the customer is .80. 1/ Develop the expected profit function to be maximized? 2/ Determine the production lot size that maximizes expected profit? 3/ Determine the lot size that will yield a probability of .90 of producing at least 4 good castings. What is the expected profit for the lot size obtained?
Some HPT practicioners believe that the analysis phase in an HPT project is the most important. Do you agree? Why?
Saint Louis - LAW - 822 NotesWednesday, October 31, 20122:31 PMReview: Causation:o The defendant must have been the proximate cause of the injury/death:Death must have been reasona
1) A process oriented layout will minimize the total time spent on setting up machines? 2) By increasing the capacity of an operation you improve its efficiency. 3) Standard
"Project Management" Please respond to the following: •Determine the key characteristics that should be considered when selecting project management tools for a health care organiz
People discriminate when prejudice impacts their Answer beliefs. attitudes. intentions. behavior.
Uick cheif cookers sell at an average [ace of 12500 per month. Each cooker costs the company $100. The annual carrying cost for each cooker is 10%. Each Each or
Important skills required to increase productivity, how a person will manage this in time. Please response fast. Tomorrow is my interview
1) Bill of material errors can cause serious problems for MRP system calculations of dependant demands 2) No matter what forecasting technique is used, the probability of a prod
In a state where contributory negligence applies, a motorist that is about 10% responsible for a collision with another motorist, who sues the other motorist for negligence, will l
a firm isconsidering replacement of a machien, whoes cost price is rs 12200 and scrap value is rs 200 the running cost is rupee given below year running cost 1 200 2 50
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