Marginally acceptable value for a metric

Assignment Help Operation Management
Reference no: EM13962463

Can poor performance relative to one specification always be compensated for by high performance on other specifications? If so, how can there ever really be a “marginally acceptable” value for a metric?

Reference no: EM13962463

Questions Cloud

Role of fixed coupon in credit default swaps : Role of a fixed coupon in Credit Default Swaps? Can someone explain to me the functions of a fixed coupon in a CDS? For example, what happens if the quoted spread is greater than the coupon? What happens when it's less?
Convert hexadecimal value 17 to decimal : 1. Convert hexadecimal value 17 to decimal. 2. Convert the following decimal number to 8-bit binary 178 3. Convert binary 1001110010 to hexadecimal. 4. Convert the following binary number to decimal.  011111
Combination of system improvements as measured : Using the Arena Simulation from the class lecture, identify the best combination of system improvements as measured by the increase in average monthly profit per dollar invested. You may not spend more than $4000 on changes. Write a brief explanation..
What strategies did it use : What strategies did it use?How did it implement them, and what were the results?
Marginally acceptable value for a metric : Can poor performance relative to one specification always be compensated for by high performance on other specifications? If so, how can there ever really be a “marginally acceptable” value for a metric?
Transcends or encompasses particular interests : Is it possible to discuss things like fairness and justice in a way that is non-partisan? That is, can we talk about, say, distribution of wealth and opportunity, without representing the one or the other political ‘side’ of that particular issue. An..
Most extensive basic liberty compatible with similar liberty : The first part of Rawls’ theory of justice and fairness posits that we must have the “most extensive basic liberty compatible with a similar liberty for others”. To what extent does the current financial and political practice conform with, or violat..
Production schedule for next six months that minimizes cost : Calpal is a small manufacturer of a special engineering workstation. The company operates one plant with a monthly capacity of 3,000 units. In addition, 750 units can be produced on an overtime basis, which is 30% more expensive, on the average. The ..
Cross-business opportunities : Identify the value chain relationships that exist for Johnson & Johnson. Consider whether there are cross-business opportunities for (a) transferring competitively valuable resources, expertise, technological know-how and other capabilities, (b) cost..

Reviews

Write a Review

Operation Management Questions & Answers

  Does not the customers order start the just in time process

Since the early 1980's we in the United States have been hearing about, and most have adopted, Just-In-Time or Lean Manufacturing as practiced by the Japanese. Is it really "just-in-time" if you the consumer can buy any color Toyota right from the de..

  How would you organize your company

You are CEO of a rapidly growing video rental company and have plans to go international in the very near future. What steps would you take to enter the international marketplace? How would you organize your company? Why?

  Compute firsts rop

The lead time for paper delivery is normally distributed with a mean of 4 days and a standard deviation of 1 day. A 97% service level is expected. Compute First's ROP.

  Estimate the optimal production cost

M&D Chemicals produces two products, A31, and C42 sold as raw materials to companies manufacturing bath soaps, laundry detergents, and other soap products.

  Assignment on analysis of the general environment

Assignment on Analysis of the General Environment, This module contains one assignment. Please read the accompanying material and familiarize yourself with "The Soft Drinks and Bottled Water Manufacturing Industry" before starting the assignment. ..

  Explain why would you decentralize hrm also have management

Explain why would you decentralize HRM also have HRM managers reporting to line managers with organizational structure.

  Standard deviation of inter-arrival times

Consider a G/G/N queuing model with mean arrival rate λ, standard deviation of inter-arrival times σA, mean service rate μ, and standard deviation of service times σS. Prove that the expected waiting time in line for the system where N=1 is at least ..

  The time between failures for a car battery

The time between failures for a car battery is exponentially distributed with a mean of 60 months. What is the likelihood that the next failure won't occur for 70 months or longer?

  Would a visual presentation enhance its effectiveness

Describe a work report that you are required (or have been required) to complete on a regular basis. How would you present the information related to this report in a visual manner

  Explain what is the role of leadership in innovation

What are the important components of an innovative organization. What is the role of leadership in innovation How would one change the creative climate in an organization. How does one measure innovation

  Discuss nonverbal communication

Describe some of the important steps in the preparation of a written document. What role do written documents play in the communication process?

  Formulate a balanced transhipment problem

Formulate a balanced transhipment problem (draw the transportation tableau) which can be used to minimize the shipping costs incurred in meeting consumers' demands. Solve the problem by utilizing QM for Windows.

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