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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?
Wally and Beaver were general partners in a car dealership. Using the partnership name, Wally entered into a contract to purchase 30 used cars from Car Lots. Car Lots was not aware
What are some new products I could use that serve two business (organizational) markets?
"Malcolm Baldrige National Quality Award" Please respond to the following Discuss the standout features of the companies approaches to managing operations. Discuss the attribute
Describe how an organization can use double-loop learning to improve performance.
An accounts receivable manager processes 200 checks per day with an average process time of 15 working days. What is the average number of accounts receivable checks being processe
The Hickory Cabinet and Furniture Company makes chairs and tables. The company has developed the following nonlinear programming model to determine the optimal number of chairs (x1
The owner of Firewood-2-Go is considering buying a hydraulic wood splitter which sells for $50000. He figures it will cost an additional $80 per cord to purchase and split wood wit
value chain analysis
The big problem a franchisor faces is maintaining quality control; franchisees do not always exhibit strong commitment to consistency and standardization. WHAT IS ANOTHER problem t
How can the inclusion of women in top leadership positions in local and national unions be increased?
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