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A job shop receives an order for high precision formed parts. The cost of producing each part is approximately $20,000. The customer requires that either 4 or 5 good parts be supplied. Each good part sold will yield $30,000. However, if fewer than 4 good parts are produced, none will be purchased. The probability of an individual part being acceptable to the customer is .80. Determine the optimum batch production quantity given that the job shop has agreed to supply the formed parts. Is the situation a profitable one for the job shop? If not, how must the selling price be changed for the expected profit to be positive?
Last year, the manager of the service department at East Woods Ford instituted a customer opinion program to find out how to improve service. One week after service on a vehicle wa
YP11-6 Giant Airlines operates out of three main "hub" airports in the United States. Recently Mosquito Airlines began operating a flight from Reno, Nevada, into Giant's Metropolis
Disadvantages of Observation Methods: According to bailey the disadvantages in observation technique are: 1. Lack of Control: In artificial setting control over variable sis
What do you understand by “line balancing”? What happens if balance doesn’t exist?
The following probabilites for grades in management science have been determined based on the past records: Grade Probability A .10
This post should be at least 200 words in length. Select one of the following approaches to understanding or implementing organizational change. Summarize this approach. Provide
Identify and describe three criteria that should be used to evaluate the selection of a database management system. Describe how an organization should use each criterion to evalua
What can HR managers do to help facilitate flexible work schedules in their organizations?
What is a ledger account?
I am having a issue getting my book to load it says its loading but no matter how long it sits nothing happens.
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