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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 in detail a matrix structure for an organization. What types of competencies and technologies would be best suited for this kind of structure? Why?
Complete the below table. Which one of these techniques would you recommend to use and indicate your rationale? Technique Ave Bias Ave MAD MSE Ave MAPE Naïve
How does the law regarding union recognition for public employees in the state of Florida compare with the NLRA rules regarding union recognition for private-sector employees?
Explain functions in which industrial manager is involved? The Industrial Manager is occupied in the given functions:- (i) Design products which will find acceptance in comp
Discuss the five (5) major components of information management / information technology (IM / IT) governance with a focus on how they will collectively improve the quality of heal
The network in figure below shows the pipeline transportation system for treated water from the treatment plant (node 1) to a city water supply system (node 14). The arc capacities
Kim was in a financial bind. Just last year, she had purchased a personal plane and an exclusive home that housed the plane in its garage. The total costs were $1 million and Kim's
A financial plan is a bridge between two balance sheets. Describe the major categories of assumptions that must be specified to project a future balance sheet, given a current b
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Ask questiondiscuss the advisability of using modular assemblies in manufacturing. what are the advantages and disadvantages #Minimum 100 words accepted
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