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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?
Doug enters Jane%u2019s residence through an unlocked window that he lifts open at midnight, intending to steal her first edition copy of Sense & Sensibility, which he knows was re
Choose two specific features of organizational structure described in chapters 5, 6, 8, and/or 9 and discuss how these specific features might lead to specific types of organizatio
Identify the cost of hardware, software, and networking components for an RFID system for your company. What factors should be considered? What are the key decisions that have to b
Scenario: Commerce Clause ABC Freightways maintained its principal place of business in Arkansas. However, they provided trucking services in all states west of the Mississippi
if minimum cost is same for two cell then which one to give preference in step 3 of this page http://www.expertsmind.com/learning/vogels-approximation-method-vam-assignment-help-
Consider a $1,000 par value, 7% annual coupon bond. The bond matures in 9 years. Assuming the bonds required return is 10%, what is its current yield? (Semi-annually compounding)
Which of the following could not be used as a fire wall? a. hub b. router c. server d. PC
MJZ Corporation had a checking account with Gulfstream Bank. So that customers who close their accounts would not be embarrassed by having their checks bounce, the bank routinely h
Describe the impacts of consumerism in regards to information technology, claims management, and member services when dealing with healthcare providers.
How would you allocate the $100,000 bonus money and why? Remember, no 2 managers can get the same amount. Be sure to justify your reasons.
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