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Develop a decision tree for the case of a company is operating at full capacity and with product demand rising. The choice is between new equipment and overtime. A 20% rise in sales is anticipated, bringing an increase in profits of $300,000 with new equipment and $150,000 with overtime. But volume might drop 5%; therefore, these are two possible results. If there were a sales drop, profit would be $220,000 with new equipment and $175,000 with overtime. The probabilities are 60% for a sales increase and 40% for a sales decrease
what do you understand by “line balancing “? What happens if balance doesn’t exist?
Discuss the market and manufacturing requirements that make it appropriate to use MRP and Just-in-Time.
Sidman Products' common stock currently sells for $51 a share. The firm is expected to earn $6.10 per share this year and to pay a year-end dividend of $2.40, and it finances only
What are the advantages of studying a sample from the population instead of the studying the entire population though a census?
Write several paragraphs describing the aspects of a servant leader. Why does it appeal to an approach to leadership? What are some concerns? Why does servant leadership seem appro
Activities relating to analysis and Control of Activities The next problem after the designing of the production system is the analysis and control of the production system. It
Explain how process technology is chosen for an operation.
Consider the following linear program: Max 1A + 1B s.t. 5A + 3B ?15 3A + 5B ? 15 A, B ? 0 a. What is the optimal solution for this problem? b. Suppose that the objective function i
A risk of disciplining employees is that some employees retaliate. To avoid that risk, what organizational policies might encourage low-performing employees to leave while encourag
What is the relationship between mass customisation and rapid product development
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