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 boundary-less organization, What are the challenges of working acro...

What are the challenges of working across boundaries and how can human resources prepare employees to thrive in a boundary-less organization

Explain function of operational leadership, Create a scenario that depicts ...

Create a scenario that depicts how the first line leader should act to fulfil the purpose and function of operational leadership in his or her area

Explain the component of statistical methodology, The component of statisti...

The component of statistical methodology that includes the collection, organization, and summarization of data is called _____. descriptive statistics analytical statistics

Explain reduce time in calculating customers, New software has been purchas...

New software has been purchased to reduce time in calculating customers' accounts. Establishing report and effective communication with team members is primary importance to make t

Change as well generating positive organizational behaviour, One of the con...

One of the constants in organizations is the presence of change. In almost all change scenarios, human behaviour is impacted. However, organizational members often resist change. W

Natural extrinsic reward comparises all the following except, Natural extri...

Natural extrinsic reward include all the following except/1.compliment/2.special Jon/3.asking advice/4.recognition/5. Merit pay increase/ which of these-answer is correct

Explain what is cross-functional decision making process, What is cross-fun...

What is cross-functional decision making process, strategy model, and supply chain?

Explain what changes in culture are needed at the plaza inn, 1. How could t...

1. How could the Plaza Inn develop a collaborative strategy? Develop a specific plan. 2. How could technology help solve the problems at the front desk? Explain what you propose

Explain how does national culture affect strategy, How does national cultur...

How does national culture affect strategy? To what extent do different approaches to strategy, different ways of thinking about strategy, reflect different underlying cultural assu

Explain approach to formulating a wbs for this project, Recommend the most ...

Recommend the most effective approach to formulating a WBS for this project.

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