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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?
What do Klein Felds efforts at Siemens tell you about the difficulties of restructuring organizations?
Explain the importance of correctly stating the objective function and constraints in linear optimization problems. Provide a few examples of the problems that could result if the
Which of the following is the set of all cost components that make up the fixed-order quantity total cost (TC) function? Answer a. Annual holding cost, annual ordering cost,
A manufacturer uses a purchase part who's demand over any time period of length t (in years) can assume to be normally distributed with mean 200t and variance 400t. The part cost $
Team meetings can be helpful. Interorganizational conflict is conflict that arises across organizations. What are sources of conflict?
There are numerous diets available for patients with gastrointestinal disorders. Preferred diets available for the following disorders 1.Peptic ulcer disease 2.Inflammatory bowel d
Q3. What do you understand by “line balancing”? What happens if balance doesn’t exist?
When it is claimed that people that ‘pay' for wrongs are unfairly burdened and should not bear the responsibility for the acts of others, they are opposing to Answer reverse discri
1. The annual demand for a product is 8,000 units. The order cost is $30 for a single order. The cost of the item is $10 and the holding cost has been calculated at $3 to carry one
It is generally unnecessary to have every single function represented on the core team of the project as that would make the team large than necessary and difficult to communicate
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