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In Pullman, one of the largest engineering firms is Schweitzer Engineering Labs (SEL). One of the products they produce is 1000 μm diameter fiber optic cables. The tolerance for the diameter is ± 0.0015 μm. Assume the process is normally distributed with a mean of 1000 μm and variance, σ^2= 0.00000075. Any cable with a diameter smaller than the lower spec limit is scrapped at a cost of $1. Any cable with a diameter above the upper spec limit is fixed for a cost of $0.75 per cable. Assuming that 100 cables are produced per day and that there are 250 working days per year, what is the annual cost of fixing plus scrapping?
Should a marketing manager or a business refuse to produce an "energy-gobbling" appliance that some consumers are demanding? Should a firm install an expensive safety device that will increase cost but that customers do not want?
The cookies cost us $1.00/dozen to make, and are sold to the grocers for $2.00/dozen. Because the cookies are refrigerated to extend their shelf life and because of the possibility of spoilage.
What is the business case for undertaking the project. What is the financial impact of the project. What are the expected results of the project
What is the expected value of the firm equity if the low-volatility project is undertaken? What is it if the high-volatility is undertaken?
Discuss the role of personal selling in promoting products and explain the advantages it offers over other forms of promotion.
When an employer is asked for references for a former employee, the employer? Performance appraisal procedures? A company bases its willingness to interview for a position on degree to which the graphologist’s handwriting analysis indicates that a jo..
Describe some of the key decisions its management has faced within the past year or two. Identify an ethical issue the organization either faces or has faced in the past.
A large multi-national company that has a global service and aftermarket parts supply business recently launched a new integrated Information System. This system was designed to support all business functions and processes: Explain how this area cont..
A vital part of almost every report contains statements concerning its problem. Evaluate and explain the significance of report problems whose introductions could require coverage of methods of collecting data, historical background, and limitations.
What are the three stages of the strategy-formulation process? Describe what is involved at each stage.
Create a service blueprint that depicts an overnight stay in a nationally-recognized hotel chain. Your blueprint should capture the process, which begins with a client's call to the reservationist and ends with checkout and departure the following d..
ENOX is a small engineering firm that has developed a new technology to reduce emissions from diesel engines.
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