Why expected profit to be positive, Operation Management

Assignment Help:

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?


Related Discussions:- Why expected profit to be positive

Objectivise and benefits of work study, Objectivise and Benefits of Work St...

Objectivise and Benefits of Work Study Objectivise of Work Study a)Provide more and improved physical means to motivate the workers. b)Improve the basic process by resear

#title=OEF., TWO HANDED CHART WITH 10 OPERATIONS

TWO HANDED CHART WITH 10 OPERATIONS

Explain the specific human resources concerns, Describe the specific human ...

Describe the specific human resources concerns (competencies, labour economics, legal & regulatory systems, labour relations & unionization, and cultural norms) for one chosen coun

Explain a production manager at a contour manufacturing, A production manag...

A production manager at a Contour Manufacturing plant has inspected the number of defective plastic molds in five random samples of 30 observations each. Following are the number o

Explain discussion maker acted unfairly in this situation, Why do think the...

Why do think the discussion maker acted unfairly in this situation?

What factors would you consider in promotions distribution c, As the Market...

As the Marketing Manager for Proctor and Gambles Pet Nutrition and Care division you have been asked to consider launching a new dog food product in Mexico. What factors would you

Explain what prompted the change effort at the irs, What prompted the chang...

What prompted the change effort at the IRS, and what was targeted to change? Why was the proposed change controversial?

Objectives of work measurement, Objectives of Work Measurement: 1.    ...

Objectives of Work Measurement: 1.       To determine the  standard cost and  as an aid  preparing bidets. 2.        To balance  the crew activities  of those  job requirin

Explain reducing the risk of these liabilities for a firm, Considering the ...

Considering the huge liability associated with workers getting injured on the job, evaluate if implementing of 58 in the work place can help with reducing the risk of these liabili

Operation research, what is or ? Features and limitations of or?

what is or ? Features and limitations of or?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd