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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?
Calculate the minimum replenishment time to build 2500 Model A fountains given the following beginning inventories?
Types of Dispatching Dispatching may be centralized or decentralized. Centralized dispatching refers to the instructions issued from the central dispatching section directly
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Write an evaluation (500-750 words) of the situation that addresses the following: The power bases used by the leader. The influence tactics used by the leader. The leadership sty
Is employee turnover ever a significant barrier to good customer service? Why, or why not?
What potential problems and benefits are likely with early or flexible retirement programs?
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
Q: What is operations management? A: Operations management is the planning, organising and control of systems which produce goods and services. It is one of the most important
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A formal fraud risk assessment ("FRA") is an important element of an entity's' antifraud programs and controls. Companies must specifically consider their controls to prevent and d
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