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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. 1/ Determine the optimum batch production quantity given that the job shop has agreed to supply the formed parts. 2/ Is the situation a profitable one for the job shop? I 3/ If not, how must the selling price be changed for the expected profit to be positive?
Bloomsday Outfitters produces T-shirts for road races. They need to acquire some new stamping machines to produce 30,000 good T-shirts per month. Their plant operates 200 hours per
Disadvantages of Observation Methods: According to bailey the disadvantages in observation technique are: 1. Lack of Control: In artificial setting control over variable sis
Explain why IT is both a business pressure and an enabler of response activities that counter business pressures?
Explain how the EOQ technique helps explain the following: All things being equal, the production inventory quantity will be larger than the economic order quantity.
Review the week 6 info. in course material regarding the Apple iPhone supply chain. What issue/s do you think could be helped with a Pert/CPM plan for the supply chain? sk questi
Job Alpha Beta R 8 7 S 9 4 T 7 9 U 3 4 V 12 5
What are Apples Inc.? Legal and compliance policies and practices. Elaborate and comprehensive on your response
By whom Dual factor theory was propose? Dual factor theory has been proposed by Herzberg.
How are SLA's performance standards agreed upon? Give three examples of SLA's and how they would be agree upon.
Statistical Aspects of Variability Consider a pharmaceutical process producing paracetamol tablets, for which the weight of the active ingredient (nominally 500 mg per tablet
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