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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?
Q. What software applications can support inbound logistics? The following software applications can support inbound logistics: Bar coding for the receipt, movement and
Problem 3-5 A cosmetics manufacturer's marketing department has developed a linear trend equation that can be used to predict annual sales of its popular Hand & Foot Cream. Ft = 80
In what ways might the divisionalized forms of most airlines lend themselves to the requirements of alliance membership? In what ways might they be compatible with the organization
Base on the case study: Weldon Hand Tools; Design a layout for the assembly operation (to include the fly press work) including the tasks to be performed at each part of the system
What happens if balance doesn’t exist?
What are the major priorities associated with operations strategy? How has their relationship to each other changed over the years?
Customers have the sole responsibility for prioritizing their own needs, selecting a contractor to perform their project, and terminating a project that is not working.
What are your thoughts on this article ?According to an article dated February 24, 2013 in the Tech section USA Today News (electronic issue), many employers maybe missing out on h
Learning Teaching and Assessment Strategy: Key lectures will be delivered and immediately followed up by group tutorials in which the opportunity to critically reflect, analys
discuss productivity in the service sector
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