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Production for a product is planned at 5,000 units per week. The standard operation time for one particular operation is 2.45 minutes. The facility operates 40 hours per week. The required machine is expected to have a 70% availability, and the plant manager plans for 80% utilization of capacity. The yield from this process is expected to be 99%, and an additional 2% of items will fail at final inspection.
A) How many machines are needed?
B) Suppose that there was a fallout of 10% in the operation that proceeds this operation. How would that affect your decision? Does it matter whether those defects are found immediately or not until final inspection for the product?
An irrigation return flow drain has sampling equipment that can be powered by solar cells or by running an electric line to the site and using conventional power. Solar cells will cost $14,000 to install and will have a useful life of 10 years. Annua..
You are a novelist who has been published several times. None of your books have been a great commercial success, but you have established a fine reputation as a writer, and you make a decent living. Your agent works for a well-known agency which rep..
Suppose the government of Country L runs a balanced budget in Year 1 and a budget surplus in Year 2. Using a supply and demand graph, depict this change. Label the axes, curves, and the beginning and end equilibrium real interest rates and equilibriu..
Now discuss the fact that deflation is the central bank's worst nightmare. Make sure you refer to a real interest rate of -2.68%. Why is this environment such a nightmare for the central bank and monetary policy?
A firm has a choice of 2 production technologies. One allows the firm to produce using production function F (K,L) = 10K^(1/3)L^1/3. The other production function is G (K,L) = min (3K,3L), the firm wants to produce 100 per units per month in each of ..
The market demand for another product you are considering selling is Q(p) = 100 ? (1)p and as the 2. only producer of this product your production costs would be C(Q) = 40Q. What is the market price elasticity of demand at the optimal quantity?
The United States government releases a report saying that coffee consumption makes you live a longer, healthier life. At the same time, we discover that a very bad winter has killed most of the coffee plants in Brazil. How will these two changes aff..
Suppose my tastes could be modeled with the utility function u(x1, x2) = 20x1^0.5 + x2, where x1 refers to mozartkugeln and x2 refers to other consumption. consider the bundles A,B, and C as defined in part A: (bundle A: 100 mozartkugeln and $500 in ..
You think that you need $60,000/year to live on when you retire. Assuming an annual inflation of 3.4%, how much would you need in actual dollars per year 40 years from now to have the same purchasing capability?
Which plan would you recommend that the Ridpaths choose? Why? What other health coverage options should the Ridpaths consider?
Alejandro scoobert owns a store specialization in soccer jerseys. Illustrate what was the value added to Alejandro store in 2008.
As a small investor, can I invest either directly or indirectly - in mortgages? What kind of risks would I be undertaking if I did? Are there any other financial instruments that have similar risks? Given the current economic situation, would you inv..
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