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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?
Curtis and Kastner Stakeholder Model Curtis and Kastner (1987) sought ways of adding value for each stakeholder group to ensure the long term success of the organisation. Int
I need Los Angeles Court Syestem. I need orginal thought no plagerism or won't award points. Assignment Complete the following, placing it in a single Word document. You h
Column Minima Method: Step 1: Determine the smallest cost in the first column of the transportation table. Let it be C1j . allocate Xi1= min ( ai bi ) in the cell
Compare and contrast what motivates Millennials from Baby Boomers, Generation X, and Generation Y. Assess whether motivating these groups differently from other employees is necess
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What competencies do you feel are required of the HRM professional to become the strategic business partner and assist in leading an organization? Be sure to include scholarly s
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If charles lackey's utility costs remain constant at $500 per month, labor at $8 per hour, and cost of ingredients at $0.35 per loaf, but Charles does not purchase the blender sugg
I need an assignment regarding benchmarking in Operations Strategy
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