Determine the estimated loss

Assignment Help Business Management
Reference no: EM131800234

Suppose that the specifications for a part (in inches) are 6 inches, and that the Taguchi Loss Function is estimated to be L(x)= 8700(x-T)2.

Determine the estimated loss if the quality characteristic under study take on a value of 6.2 inches.

If You make 100 parts a day and 4 are 6.2 inches how much are you losing every 5 day work week?

A. $348, 1062

B. $1041, $34,000

C. $1360, $34,000

D. $1041, $26, 025

E. $348, $6960

Reference no: EM131800234

Questions Cloud

What are companies doing to increase employee satisfaction : What motivates Baby Boomers? What motivates Gen Y? Why are they similar? What motivates Gen X? Why? How is Gen X different?
Successful in promoting collaboration : Can a CEO be successful in promoting collaboration if, like chambers, he or she demands that executives collaborate and then removes those who cannot.
Explain how the double-declining-balance method is computed : Explain how the double-declining-balance method is computed. Provide an example of how this method could be used on the new delivery truck purchased
State laws but not under federal law : Certain protected classes are recognized under various state laws but not under federal law. Name and explain them.
Determine the estimated loss : Suppose that the specifications for a part (in inches) are 6 inches, and that the Taguchi Loss Function is estimated to be L(x)= 8700(x-T)2.
Managerial accountants often seek cma certifications : Certified management accountant (CMA). As noted in the chapter, managerial accountants often seek CMA certifications.
Calculate the expected costs to be incurred : Calculate the expected costs to be incurred when production is 4,000 units. Use your knowledge of cost behavior to determine which of the other costs are fixed.
How to perform a vertical analysis of financial statements : Explain how to perform a vertical analysis of financial statements. Provide an example of how results of this analysis could be used to make business decision
What is the optimal value for x : The possible values for the number of hours required per unit, what is the optimal value for x?

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd