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With the growth of digital photography, a young entrepreneur is considering establishing a new business, Cruz Wedding Photography. He believes that the average number of wedding bookings per year is 15. One of the key variables in developing his business plan is the life he can expect from a single digital lens reflex camera before it needs to be replaced. Due to heavy usage, the shutter life expectancy is estimated to be 150,000 clicks. For each booking, the average number of photography taken is assumed to be 2,000. Developed a model to determine the camera life (in years).
Gibson Products produces cast bronze valves for use in offshore oil platforms. Currently, Gibson produces 1600 valves per day. The 20 workers at Gibson work from 7 a.m. until 4 p.m.
Amy Lawrence and John Delford have both been working for Defense Plants, Inc. for over 20 years. Amy is a supervisor and John is a production worker as well as a union steward for the smallest manufacturing plant. According to employment records, the..
Several years ago, a major automotive manufacturer was sued because the latch on a minivan’s rear door failed after the vehicle was hit from the side at 30 miles per hour. The plaintiff argued that the latch was of poor quality because it didn’t hold..
Write a program that requests the numeric grades on a midterm and a final exam and then uses a Function procedure to assign a semester grade
The forecast for monthly demand is given below. On average there are 22 production days in a month. It takes one worker three days to complete one unit. The current production work force level is 50 employees. Develop separate production plans for ch..
If you were going to provide a product or service to the market, what would be your product? What price would you use to enter the market? Where would you place your product to make it accessible to customers? How would you promote (target market) yo..
In many cases, the problems of outright acquisition can be avoided while at the same time mutual goals can lead to the commitment of many more resources than in the case of arm's-length transactions. Strategic alliances typically lead to long- ter..
The other tells you that she will supply you no defectives because her factory practices statistical process control. Which of the two vendors will you select? Why? (500 Words)
Company XYZ is evaluating whether it is meeting the six sigma requirement or not. The company promises its customer to deliver the product in 15 to 75 hours. Actual shipment data has a mean of 50 hours and standard deviation of 5 hours. Is the compan..
It has been said that forecasting using exponential smoothing is like driving a car by looking in the rearview mirror. What are the conditions that would have to exist for driving a car that are analogous to the assumptions made when using exponen..
Why do organizations need to calculate a threshold for a reorder? How could this affect sales?
The United States has several laws that are intended to further fair, balanced, and competitive business practices. Do you think that such laws are effective? If so, why? If not, why not? Be sure to provide evidence to support your position one w..
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