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A firm is about to undertake the manufacture of a product, and is weighing 3 capacity alternatives: small job shop, large job shop, and repetative manufacturing. The small job has a fixed cost of $3000 per month, and variable cost of $10 per unit. The larger job shop has a fixed cost of $12,000 per month, and a variable cost of $3 per unit. The repetative manufacturing plant has a fixed cost of $30,000, and a variable cost of $1 per unit. Demand for the product is expected to be 1,000 units per month with "moderate" market acceptance, but 2,000 under "strong" market acceptance. The probability of moderate acceptance is expected to be 60 percent; strong acceptance has a probability to be 40 percent. The product will sell for $25 per unit regardless of the capacity decision. Which capacity choice should the firm make and show why that is the case.
At what volume of output would the two alternatives yield the same profit? c. If demand is 13000 unites, which options yeilds a higher profit and how much?
Suppose which May's figure turns out to be 405. Append the table with error columns then, computes MAD for both Amit's also Barbara's method. (16.11 also 19.17) d) Based on these calculations which method seems more accurate.
Suggestion on Fundraising event for trainng and development presention and also how to internet appeals for online fundraising
Suppose that the specifications for a part (in inches) are 6.00 ± 0.15, and that the taguchi loss function is estimated to be l(x) = 6,500(x-t)(squared).
Like other large airlines, Global Airlines has a points-based incentive program. Customers who who join Global's FreeMiles program earn points by purchasing tickets from Global or by using their member number.
Utah is a popular resort and is being developed as a hot new spring break destination. Unfortunately, Utah regularly faces shortages of fresh water.
Clearly describe Robert Nardelli's leadership style in terms of Leadership Theory, incorporating the following theories :
You are hired by a prefabricated buildings manufacturer and your first job is to calculate the cost of 100 prefabricated structures. Each structure has 1,000 square feet of floor space and 8 foot ceilings.
Ordering and holding costs are low, and you just lump them all into your overhead costs. What is a good reorder point?
Is Gerard's promise enforceable despite the lack of consideration.
The Chapter discusses a number of different leadership theorists. Like - Path-Goal Leadership Theory, Leadership-Member Exchange Theory
Explain why the creation and maintenance of an ethical workplace is a challenge for business and HR specifically?
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