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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?
A star product is one that A) in the growth stage but has a low market share B) Has negative to low earning characteristics C) Continues to increase market share even at t
Clampitt presented a communication model for his first 2 approaches to communication as related to managers; Arrow & Circuit. What communication model best describes his Dance Appr
Memo Motion and Micro Motion Recording Originally based on cine-photography, nowadays video-recording technology is used to record patterns of movement in process activities.
Cellular production is often conducted in a U-shaped (horseshoe-shaped) cell, rather than the rectangular cells shown in Figure 2.7b. What might be the advantages of this U shape?
What is the relationship between the company's values and strategy? Provide real world examples. Additional research is necessary by using scholarly publications. Cite accordingly
Is Henri Fayol guide of the managing princibles still used today or they outdated
1)?An analysis of type of operations carried out and operating processes (i.e., project, batch, mass, professional service, service shop,?mass service, etc.) 2)?An identification
Explain Causes of Organisational Change. Causes of Organisational Change: Causes of Organisational modifies are as follows: (A) External pressures (i) Change in Equipme
How are different evaluation or rewards systems a source of conflict?
How does today's business world compare with the one of 40 ago? What is different about today and what is not so different? Electronincs assembly Inc. operates two 8 hour shifts
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