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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?
Compare the effectiveness of 2 week, 4week 6week. I just need the moving averages. For 2,4 and 6 weeks from managing operations across the supply chain book the question is startin
Compare and contrast what motivates Millennials from Baby Boomers, Generation X, and Generation Y. Assess whether motivating these groups differently from other employees is necess
Intefnal and external burgmaster demise
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Why is it important for a company to orient a new employee to a job? What steps would you take to orient a new employee to do what they are supposed to do?
What do you think explains the relatively poor recent record for unions attempting to organize large bargaining units?
A typical change request from will include which of the following content item? a. a description of the change a long with the impact of marking the change. b. a status accounting
In the field of human services, there are very important ethical codes that should be followed as outlined by the National Association of Social Workers. After viewing the short vi
Health Care Compensation Practices Please respond to the following- • Analyze the pros and cons of the different health care compensation approaches and philosophies and determi
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