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Suppose 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)2. Determine the estimated loss if the quality characteristic under study takes on a value of 5.20 inches and 20 parts are produced.
Bill and Hillary are friends. Bill has recently retired and now has $450,000 in super. He asks Hillary, an accountant, if he should invest $200,000 of his super funds in Midget Widgets Ltd. Hillary tells Bill that she has looked at the accounts of th..
Give three examples of what would be considered unethical behavior involving management of quality, and state which ethical principle is violated.
The following is a payoff table giving profits for various situations. States of Nature Alternatives A B C Alternative 1 100 120 180 Alternative 2 120 140 120 Alternative 3 200 100 50
What is a supply chain? Discuss the elements of supply chain management. What impact has e-business had on supply chain management? Discuss centralization versus decentralization in purchasing. What are the advantages of each?
As Manager of Staffing for your organization (or a former employer), you are responsible for filling open positions by seeking highly qualified candidates. Once you have exhausted your internal sources you must then turn to external candidates. Pleas..
Wood4Fun makes wooden playground equipment for the institutional and consumer markets. The company strives for low-cost, high-quality production because it operates in a highly competitive market in which product prices is set by the market place and..
If the combined land area of the countries a and b is 183,973 square kilometers. Country "A" is larger by 373 kilometers, what would be the land area for country "A" and country "B"?
Operating a business in an ethical manner takes time, effort and commitment. What are the key elements to a company having successful organizational ethics? What can we do as managers to encourage ethical behavior and to raise ethical standards in..
Illustrate what is the recommended order quantity. If a "student signs up for a class," which type of relationship would you use to model the relationship between the two.
Discuss your attitude about certainty, uncertainty, and risk when making decisions. How has your attitude helped or hindered your ability to make rational decisions?
Select an organization you have worked for or any organization of interest and discuss how decision analysis could be used to solve a business problem.
Explain how MRP can decrease a company's inventory while improving its customer service level. Include a real-life example and post should be 200 to 250 words.
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