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A metal fabricator produces connecting rods with an outer diameter that has a 1 ± 0.02 inch specification. A machine operator takes several sample measurements over time and determines the sample mean outer diameter to be 1.004 inches with a standard deviation of 0.008 inch. a. Calculate the process capability index for this example. (Round your answer to 3 decimal places.) Process capability index: _______
Why is it important for project managers to resist changes to the project baseline? Under what conditions would a project manager make changes to a baseline? when would a project manager not allow changes to a baseline?
The cost function for a firm is given by TC = 6,000 + 12.5Q. The firm sells output in a perfectly competitive market and other firms in the industry sell at a price of P = 25 - 0.5Q. What level of output should be produced to maximize profits? The fi..
A small computer firm orders monitors for sale. The annual demand is 1300 per year. The holding cost is 10 percent of the value of the monitors on hand.
A simple model is sometimes used in order to illustrate the production-scheduling maxim, ‘‘balance how, not capacity.’’ Consider a factory that consists of three workstations where each work piece must proceed through the workstations in sequence. Wh..
Mississippi Company produces and sells one product. Its sales and expenses for last month were: Compute Mississippi Company’s margin of safety in dollars and as a percentage of sales.
What Is the Principle of an Inventory Control System? What are the goals and objectives of an Inventory Control System? What is a Push Inventory System? What is a Pull Inventory System?
Sycamore Plastics (SP) is a manufacturer of polyethylene plastic pellets used as a raw material by manufacturers of plastic goods around the U.S. SP currently operate four manufacturing centers in Philadelphia, PA; Create a solver model and find the ..
There are several phenomena listed in the textbook that can potentially affect a project. Choose one, and explain how you, as a project manager, could be aware and prepare for the possible effect of its impact on a project.
What four basic steps comprise the controlling function of management? Why is an understanding of the four steps important in strategic management? Your response should be at least 200 words in length. All sources used, including the textbook, must b..
Flexibility Formulas/functions are used appropriately 20 Relevancy Decisions are relevant. 10 Total 50 This exam should be submitted to the Blackboard course website by the end of February 19, 2016.
Your product line is automated to 7.0. Your labor costs on first shift are $6.00 per unit, on second shift $9.00 per unit. Material costs are $12.00. Your product is priced at the top of the range, $31.50, so margins are excellent. You have 1000 unit..
José runs a mail-order business for gym equipment from his house in Dorado. Annual demand for the PuertoFlexers (the best seller) is 25,000 in the US. Assume that the year has 360 days. He sells each product for $350, earning a markup of 20%, includi..
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