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Q. explain how to Compute the following: Assume 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. Decide the estimated loss if the quality characteristics under study take on a value of 6.20 inches and 10 parts are produced.
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.
Compute the economic production quantity. Compute the annual minimum total cost. How many working days does each production run take? What is the level of maximum inventory? What is the cycle time.
Determine the economic order quantity, the reorder point, total annual cost using the EOQ, if cost per tire is $35.00, holding cost is 20% of tire cost per year, demand is 1000 per year ordering cost is $20.00.
Elucidate what are the conditions which would have to exist for driving a car which are analogous to the assumptions made when using exponential smoothing.
You are required to produce a management report from the perspective of a consultant, reporting back to your client - the CEO of an overseas museum.
Formulate the linear programming problem to maximize the profit during the coming month. Write all of the constraints that are indicated by the above description of the problem.
This solution exemplifies how to select the correct constraint which is based upon the information given in linear programming problem. This is all addressed in under 50 words.
Analyze the influence that legal issues, ethics and corporate social responsibility have had on management planning at your chosen company. Provide at least one instance for each. Evaluate the planning function of management.
A furniture company manufacture desk and chairs. . Given that the profit per chair is $50 and that of the desk is $100, determine the optimal production mix for the company.
produced free of a particular defect and passed inspection. Based upon Six-Sigma theory, explain how you would rate this performance, other things being equal.
The freezing point of 20.024 grams of distilled water was determined by recording a thermo gram. 1.006g of an unknown, no electrolyte compound was added to the water also a second thermo gram was recorded to determine the freezing point of the sol..
You have been asked to update your general counsel on 5 major issues and challenges that may affect the contract the legal team needs to write before business can begin. You decide to prepare a presentation that focuses on different areas the team..
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