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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?
1). Some tasks and the order in which they must be performed according to their assembly requirements are shown in the following table. These are to be combined into workstations t
If Merck can donate $50 million in free doses of ivermectin, what does that say about the amount of revenue the company generates in the drug research and distribution industry?
Discuss some training needs in the work place to create a positive cultural diversity work environment.
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I want to cancel my order I made earlier today. How do I do this and get a full refund?
Your friend shows you some books he took from the bookstore without paying for them. When you question him about it, he says, "Sure I took them. But I'm no different than anybody e
At this point of the project, you have identified the problem and a technology solution for the business. Now, you want the business to accept the idea. Using your text, the pre
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