Describe how this affect the subsequent bid, Operation Management

Assignment Help:

Lamda Computer Products competed for and won a contract to produce tow prototype units of a new type of computer that is based on laser optics rather than on electronic binary bits. The first unit produced by Lamda took 5,000 hours to produce and required $250,000 worth of material, equipment usage and supplies. The second unit took 3,500 hours and used $200,000 worth of materials, equipment usage and supplies. Labour is $30 per hour.

a. Lamda was asked to present a bid for 10 additional units as soon as the second unit was completed. Production would start immediately. What would this bid be?

b. Supposed there was a significant delay between the contracts. During this time, personnel and equipment were reassigned to other projects. Explain how this affect the subsequent bid?


Related Discussions:- Describe how this affect the subsequent bid

Explain items selected from a population is called, A subset of items selec...

A subset of items selected from a population is called which of the following? Sample Statistic Census Parameter

Define what is the average number of customers in the system, A suburban sp...

A suburban specialty restaurant has developed a single drive-thru window. Customers order, pay, and pick up their food at the same window. Arrivals follow a Poisson distribution, w

Least cost methods, Least Cost Methods ( LCM): The NW corner rule describ...

Least Cost Methods ( LCM): The NW corner rule describe earlier consider only the availability and supply requirements in making assignments'. It take no according of the shipping

Explain decision tree analysis superior products, Homework for Chapter 5: D...

Homework for Chapter 5: Decision Tree Analysis Superior Products Inc. is considering two potential equipment alternatives for production of their best selling product line. Option

Describe how does national culture affect strategy, How does national cultu...

How does national culture affect strategy? To what extent do different approaches to strategy, different ways of thinking about strategy, reflect different underlying cultural assu

Explain reliability required for each component equals, A new aircraft cont...

A new aircraft control system is being designed that must be 98.0% reliable. This system consists of three components in series. If all three of the components are to have the s

Describe is it important to stress quality in a logistic sys, Is it importa...

Is it important to stress quality in a logistic system?

Explain uses a level material usage approach has collected, A firm that ope...

A firm that operates 300 days in a year and uses a level material usage approach has collected the following data: Annual Demand = 30,000; Daily Demand = 100; Daily production= 300

Explain what do you need to be a manager, What do you need to be a manager?...

What do you need to be a manager? What is the most difficult?

Describe modern healthcare systems, Discuss the Chaos Theory (Be sure to re...

Discuss the Chaos Theory (Be sure to read the lectures concerning this theory, as well as go through the additional links) in relation to the health care system today. In addition,

Write Your Message!

Captcha
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