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Rachel Brown, chief engineer at Jones Electronics, has to decide whether to build a new state-of-art processing facility. If the new facility works, the company would realize a profit of $200,000. If it fails, Jones Electronics could lose $180,000. At this time, Rachel estimates a 60% chance that the new process will fail.
The other option is to build a pilot plant and then decide whether to build a complete facility. The pilot plant would cost $10,000 to build. Rachel estimates a 50-50 chance that the pilot plant will work. If the pilot plant works, there is a 90% probability that the complete plant, if it is built, will also work. If the pilot does not work, there is only a 20% chance that the complete plant (if it is constructed) will work. Rachel faces a dilemma whether to build the plant, or to build a pilot first and then make a decision on the plant. Help Rachel by analyzing this problem.
is the key ingredient in many marketing campaigns and consists of a diverse collection of incentive tools mostly short
Which of the following is a review of an employee's work, typically taking place once a year? What is the principle reason why performance appraisals only take place one time a year ? Which of the following is a facet measure of appraisals?
Explain why the ethical conduct of salespeople has become so important today.
In a paper, review and define the most important operations functions and provide examples of cross functional decision making, operations process, supply chain management, strategies, new product designs, QFD, and modular designs.
Describe how performance and quality measures are aligned to an organization's mission, vision, and strategic plan in general. Then, describe how the measures are aligned with the mission, vision, and strategic plan of your organization.
What policies affect this retailer. Why. You will have to conduct online research to determine local, state, and federal policies currently implemented as well as its relation to your mode of choice
Find one scholarly journal article reporting on one or more of the following techniques: business/predictive analytics, dashboards, decision support systems, supply chain management.
Garden Variety Flower Shop uses 1000 clay pots a month. The pots are purchased at $3 each. Annual carrying costs per pot are estimated to be 25% of cost, and ordering costs are $25 per order.
The employee notified the facility union representative, who promptly called OSHA to report the concerns. Subsequently, OSHA arrived and conducted an inspection; multiple violations were issued to the company concerning forklift operators who had ..
What is the order quantity and when should the manager reorder - The company operates 50 weeks a year, and the weekly usage rate is normally distributed with an average of 60 units, and a standard deviation of 4 units per week. If the annual holdin..
Justify the need for doctors with advanced medical training in the health care industry. Explore the key concepts framing training, regulations, licensing, and provision of a range of services in today's health system.
Explain how maintenance and housekeeping do in fact help to accomplish main objectives of lean production-delivering value to customer through a flow system.
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