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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?
Complete a SWOT analysis for McDonald's to include SO, WO, ST, and WT Strategies, then develop a SPACE matrix for McDonald's. Using these matrices, draw conclusions regarding both
In TS Elliot's book of practical cats name the mystery cat?
Generic Operational Strategies - Operation Strategy Porter (1985) presented five basic generic strategies for business: 1. Cost efficiency - low cost leadership strategy
Can you put a monetary value on the social and the environmental benefits?
Project often require trade-offs among all of the following EXCEPT- A. Scope (size) B. Cost C. Schedule D. Programs
link between work study and value analysis?
A worker machine operation was found to involve 3.5 minutes of machine time per cycle in the course of 40 cycles of stopwatch study. The workers time averaged 2.3 minutes per cycle
Kaplan and Norton Balanced Scorecard Framework Kaplan and Norton (1992, 1993, and 1996) describe the concept of a 'balanced scorecard' that includes four categories of measure
• Describe key elements required to provide proper healthcare from financial and operative perspectives, while maintaining focus on disbursements of healthcare services. • The p
Consider the following constraint and its associated binary decision variables: XA + XB + XC = 2. This constraint is an example of a mutually exclusive constraint.
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