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A foundry receives an order for specialty castings. Cost of producing each casting is estimated to be $15,000. The customer requires that exactly 4 good castings be supplied. The customer will pay $20,000 for each good casting. If fewer than four good castings are available, none will be purchased. Each casting is produced independently and the probability of an individual casting being acceptable to the customer is .80. 1/ Develop the expected profit function to be maximized? 2/ Determine the production lot size that maximizes expected profit? 3/ Determine the lot size that will yield a probability of .90 of producing at least 4 good castings. What is the expected profit for the lot size obtained?
What is the objective of critical path analysis? Explain why the critical path is the longest, not the shortest, path through a network.
Elucidate however, prepare a cash budget for June. Confine your analysis to given data. Ignore income taxes also o r possible items which might affect cash. Sales proceeds are calculated as follows: 80% month of sales, 10% third month.
Describe the importance of project sponsorship and leadership when it comes to escalating decisions during a project, and provide professional examples of escalation where possible.
Write an algorithm, draw a flow chart and write a java program to accept integer valuesfrom keyboard and will find and print the minimum, maximum, summation and average of entered numbers
Illustrate what are some of the problems AECS facing. Are they inherent in its model or they could be rectified while keeping the model intact.
define the scope of the business process outsourcing transaction and discuss the importance of each in relation to outsourcing
CT Furniture makes wooden picnic tables and chairs to sell various stores. These stores request both finished and unfinished furniture. To make this furniture
Compute raw material price also usage (quantity) variance also direct labour quantity variance for Milton Industries' key product. Illustrate what is maximum number of application per hour which can be handled by present configuration of process.
Enumerate the major segmentation variables and provide real-life examples of segmentation done by firms for their products/services.
Discuss the possible alternatives for loading and hauling that the contractor may consider for the project.
Using article as a base, address explains how globalization affects: organizational behaviour, leadership also ethics. Word count one page this was already done.
Examine the concept of product life cycle analysis. Provide one example of the way in which this analysis can help an organization to determine whether to continue offering a specific service to the community it serves.
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