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

Describe environmental scanning, Explain Environmental Scanning & Porters f...

Explain Environmental Scanning & Porters five forces model

Compute the degrees of freedom associated, In each of the following situati...

In each of the following situations, distinguish which statistical analysis you would conduct and which appropriate test or test statistic should be used. • Consumer preferences

Explain mean flow time, Jane Reed bakes breads and cakes in her home for pa...

Jane Reed bakes breads and cakes in her home for parties and other affairs on a contract basis. Jane has only one oven for baking. One particular Monday morning she finds that she

Employees that meet to recognize work problems, Small groups of employees t...

Small groups of employees that meet to recognize work problems and their solution are known as   Quality circles.

Explain disadvantages of financing via the internet, What are the advantage...

What are the advantages and disadvantages of financing via the internet?

Describe what are the different types of strategies, What are the different...

What are the different types of strategies? What are the differences among these strategies? How do you determine which type of strategy is most appropriate for your organization?

Explain the challenges of global virtue teams, Describe the challenges of g...

Describe the challenges of global virtue teams and what types of training and tools management can proactive put in place to ensure cultural differences are taken into account.

Plant location, factor relating methods for locating a plant

factor relating methods for locating a plant

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