Why expected profit to be positive, Operation Management

Assignment Help:

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?


Related Discussions:- Why expected profit to be positive

Explain the organizational starbucks buyers, Describe the organizational (S...

Describe the organizational (Starbucks) buyers and consumers of your product or service and the factors that influence their purchasing decisions. Discuss how these factors will af

Which kind of portable computer will meet everyones needs, Your organizatio...

Your organization plans to acquire 250 new portable computers. The finance vice president has asked you to lead a project team assigned to define users' computer hardware needs and

Line balancing, what do you understand by line balancing?what happens if ba...

what do you understand by line balancing?what happens if balance does not exist?

Operational Management, I have a take home exam that I need to be solved 10...

I have a take home exam that I need to be solved 100 % correct , please . I need it within 23 hours EXACTLY from now please . Thank you so much and I am really looking forward to s

#title., Ask questiondiscuss the advisability of using modular assemblies i...

Ask questiondiscuss the advisability of using modular assemblies in manufacturing. what are the advantages and disadvantages #Minimum 100 words accepted

Explain minimize the store''s total expected cost, Solve the following prob...

Solve the following problem for the optimal number of clerks: There are approximately 300 customers shopping in Fackert Department Store in Mexico City between 9 a.m. and 5 p.m.

Line Balancing, What do you understand by line balancing? what happens if b...

What do you understand by line balancing? what happens if balance doesn''t exists?

Define relationship among the different levels of management, 1. Show graph...

1. Show graphically, and explain, the relationship between the different levels of management, types of problems, and types of decisions. What do we mean by the term "bounded ratio

Depict a project network that includes all the activities, Operations and S...

Operations and Supply Chain Management : CELL PHONE DESIGN PROJECT 1. Draw a project network that includes all the activities 2. Calculate the start and finish times for each

Explain prohibiting the replacement of economic strikers, What are the econ...

What are the economic and social consequences of prohibiting the replacement of economic strikers?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd