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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?
An assembly line with 17 tasks is to be balanced. The longest task is 2.1 minutes, and the total time for all tasks is 23 minutes. The line will operate for 480 minutes per day. a.
Legal constraints and ethical constrains when dealing with drinking with business clients
Compare and contrast Deming and Crosbys views on the cost associated with a lost customer.
What is the best alernative course of action?
Variables - Statistical Process Control The output of many processes can be measured, and an individual measurement may take any value on a continuous scale. For example, this
Explain the difference between consumer products and business products. Why are some products difficult to categorize as one or the other? Give an example of a business product, a
1. Which one of the following statements is NOT true of apprenticeships? Most apprenticeship programs are in the skilled trades. A major advantage of apprenticeships is the a
At any stage if there is a tie in the minimum cost so that two or more routes have the same least cost of transportation then conceptually either of them may be selected. However a
Upon graduation from college, Bob, Carol, Ted, and Alice formed Kotaku, LP, a limited partnership, to distribute video gaming software over the Internet. Bob and Carol each contrib
I need help with a three page paper, due on Sunday. Ashford Library to research living or deceased, who you admire. Explain whether the leaders style is transactional or transforma
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