Parts will meet the weight specifications

Assignment Help Operation Management
Reference no: EM132306702

Specifications for a critical part for a DVD player state that the part should weigh between 22 and 26 ounces. The process that produces the parts yields a mean of 24.5 ounces and a standard deviation of 0.85 ounce. The distribution of the weights of the part is normal.

a) What percentage of parts will meet the weight specifications?

b) If each production month 1,000,000 units of this part are produced at a cost of $50.00 per unit, what is the expected cost of the discarded units?

c) The DVD parts have a service life warranty of three years. The average life of the part is six years with.

d) Using the information in part C, give an estimate of the replacement cost due to product failure within the warranty period, if 1,000,000 units are sold. Assume that the cost per unit to produce the part is $50.

Hint: this is an application of the normal distribution.

Reference no: EM132306702

Questions Cloud

Discuss the competitor response profile : Discuss the competitor response profile. What is it, and how can it be useful in evaluating competitors?
Provide a personal statement : Provide a personal statement, please include any further information that may be relevant for assessing your suitability for the course
Discuss the key theories associated with best practices : Determine the top three (3) functions of the Human Resources Department and then explain why you believe they add value to the business model.
How the equilibrium price and quantity change : how the equilibrium price and quantity change when a change in demand occurs and the supply stays constant, and when a change
Parts will meet the weight specifications : What percentage of parts will meet the weight specifications?
Would you pressure him to resign : Hedge funds can focus on a number of issues at companies they own - operating changes, capital structure changes, or governance changes.
Locate and define the csr policy : Locate and define the CSR policy of one well-known public company.
What does it mean to be professional : What does it mean to be "professional"? What are your professional goals as a future manager?
What is the difference between leader and manager : What is the difference between a leader and a manager? What place does reverse logistics have in a company’s supply chain?

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

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