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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?
Describe the objectives of trade unions. The Objectives of trade unions are: (i) To take labour out of the competitive procedure because when a number of workers freely comp
explain the extend to which SCM is applicable to a service operation like Cruise int.
I am in need of a couple of suggestions for a Supply and Chain term paper. I was thinking about "Money" Any help will be highly appreciate it.
Name 3 factors that a router must consider when determining the best path for data between two points on a network?
What is a ledger account?
In the table given below the Distribution Manager is expected to service these DCs as per the demands placed. If the actual sales after completing week one is as follows, what woul
The United Auto Workers union enters into contract negotiations with the Ford Motor Company in Michigan. What are the three main subject areas the UAW can negotiate with Ford? Prov
What are the primary or secondary activities in value chain analysis? Primary or secondary activities incur costs, but within combination along with other activities give custo
A fishbone diagram as part of a six-sigma quality improvement process might be found in which DMAIC category?
What do you understand by “line balancing”? What happens if balance doesn’t exist?
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