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The chief information officer recommends that a new computer and software be purchased and installed at a cost of $100,000. This investment will decrease manpower costs by $4 per chair and shipping and handling by $2 per chair, which he says should result in an increase in profits of 10 percent. Will the purchase of the new computer and software result in increased profits, and if so, by how much?
a. Yes, by 12.6 percent.
b. No, by -9.8 percent.
c. Yes, by 22.6 percent.
d. Yes, by 7 percent.
Balance the assembly line in Exhibit 8.12 for (a) a shift output of 60 pieces and (b) a shift output of 40 pieces. Assume an eight-hour shift, and use the rule, choose the assignab
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explain the monte carlo simulation
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There is a puzzle in regard to risk. What is management's responsibility regarding risk? At what level(s) does each aspect of risk management lie?
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