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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. Determine the optimum batch production quantity given that the job shop has agreed to supply the formed parts. Is the situation a profitable one for the job shop? If not, how must the selling price be changed for the expected profit to be positive?
Unit 1 Discussion Suppose you were conducting a marketing analysis for a new textbook about technology management. What would you need to know to identify a market segment? How wou
An assembly line with 30 activities is to be balanced. The total amount of time to complete all 30 activities is 42 minutes. The longest activity takes 2.4 minutes and the shortest
Describe the nature and components of, and the issues currently facing, executive compensation in various U.S. industries.
How does a product life cycle differ from a product life cycle?
Please explain in detail what you would do for the following scenario: A good friend of yours from college who had a wild reputation is applying at your company. The HR manager cat
Last week employees at Renee's Fashions worked 360 hours to produce 128 garments. Of these, 8 were seconds which were sold at the outlet store for $90 each. The remaining 120 garme
Explain whether each of the following is sufficiently supported by consideration to be a contract. Provide examples, laws, or other relevant information to support your answer. Mag
which of the following is a characteristic shared by frame relay and ATM? a. the use of virtual circuits b. the use of fixed-sized packets known as cells c. the use of ded
Consider - a small manufacturing company which produces high quality furniture has provided the following data: 2
What do you understand by “line balancing”? What happens if balance doesn’t exist?
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