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A local farm produces cases of perishable food products. The products such as vegetables and fruits are packed in wooden cases. Each case costs $10 and sells for $20. If there are any cases not sold by the end of the day, they are sold to a large food processing company for $5 a case. The probability that daily demand will be 100 cases is 0.3, the probability that daily demand will be 200 cases is 0.4, and the probability that daily demand will be 300 cases is 0.3. The farm has a policy of always satisfying customer demands. If its own supply of cases is less than the demand, it buys the necessary vegetable from a competitor. The estimated cost of doing this is $35 per case. a) Draw a decision table for this problem. What do you recommend? b) Now assume that backlogging is possible and if a demand does not get satisfied, can be fulfilled in the following day with 20 percent discount. Redo the decision tree and recommendations.
Describe OSHA's standard setting process, and explain the impact of the benzene decision
Illustrate what are the main objectives of work-center scheduling. Illustrate what are the differences among occupation shop, Group Technology cell and flow shop.
Specifications for a piece of material used in the manufacture of a bed mattress require that the piece be between 59.28 and 60.72 inches. The process that produces the piece yields a mean of 60 and a standard deviation of 0.6 inches.
Create a Communication Plan for the proposed change covered in the Change Management Plan. In the Communication Plan, complete the following:
Federal Express has registered impressive increases in sales and profits by emphasizing development speed.
A manufacturing process consists of three sequential operations. At maximum capacity operation A can output 125 units per hour, Operation B can output 120 units per hour, and Operation C can output 130 units per hour.
Discuss the ethics of pricing products to match the value that consumers are willing to pay for products (e.g., $2.50 bottle of water, $150 running shoes, etc.).
Accounting earnings growing at a relatively steady pace, thereby avoiding large swings in earnings from period to period. They also try to meet earnings targets. To do so, they use a variety of tactics. The simplest way to control the timing of accou..
What are the impacts of culture on motivation? Are all cultures motivated by the same thing? Is there a slant in the research? Is there a theory you believe would work across cultures? Which one?
Research technology used in human resource management on the Internet: Discuss the benefit of this technology as it is applied to human resources. Describe the types of businesses to which this technology would ideally apply.
why is it important that system engineering planning commences early at program inception with the definition of
Look up the freight forwarding capabilities of a large parcel carrier (UPS, Fed Ex, DHL, or another) and briefly describe the scope of services offered, geographic coverage, and their freight forwarding capabilities. Be sure to cite or include links ..
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