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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?
Describe the focus and goals of Organizational Behaviour (OB). Why is this important to understand? How can this knowledge impact your career?
Define what mechanisms are related to the organization's SWOT in order to unfreeze, change, and refreeze (Lewin's theory of change) HR/business practices across the global organiza
The bullwhip effect is often blame for the boom-and-bust cycles in our national economy. Which of the remedies for eliminating this effect in a supply chain might also benefit the
In your organization, describe how there are trade-offs between the competitive dimensions. Give examples.
Bella, a single mother, worked for one of Casper's Burger King restaurants, where she had a record of perfect attendance. One Saturday, her three-year old son awoke with a high fev
1. If the design tolerance limits for the process are 9.7/11.2, determine the process capability indices C p and C pk . Comment on the values obtained. 2. 1000 items produced
Need help creating database using Microsoft access. Please see question. Please create a new database called Automobiles for North East Honda dealership. The database will have
If a company pays a PAT member a base wage of $24,000, a PAT incentive bonus of $1 per camera assembled, a $75 quarterly bonus for perfect attendance, and annual fringe benefits of
Which theory best explains leadership? Why?
Simo Or Simultaneous Motion Charts This chart (see figure), which employs the timescale of the multiple-activity chart, is used in conjunction with (or instead of) the two h
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