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A job shop receives an order for high precision formed parts. The cost of producing each part is approximately $20,000. The customer requires that either 4 or 5 good parts be supplied. Each good part sold will yield $30,000. However, if fewer than 4 good parts are produced, none will be purchased. The probability of an individual part being acceptable to the customer is .80. Determine the optimum batch production quantity given that the job shop has agreed to supply the formed parts. Is the situation a profitable one for the job shop? If not, how must the selling price be changed for the expected profit to be positive?
Susan is considering outsourcing the daily room clean-up for her motel to Duffy's Maid Service. Susan rents an average of 50 rooms rented for each of 365 nights (365*50=total rooms
Major types of employment interviews
What are some ways in which accounting for health care organizations (HCOs), especially not-for-profit (NFP) ones, tends to differ from accounting in other industries?
Which company do you know of that successfully has been able to successfully or not manage its corporate structure in relation to its strategy? Explain you're rational. Cite all yo
what should be the operation strategy for non profit business?
Develop a forecast for years 2 through 12 using exponential smoothing with ? = .4 and a forecast for year 1 of 6. Plot your new forecast on a graph with the actual data and the nai
The WTO's International Trade Statistics is an annual report that provides comprehensive, comparable, and updated statistics on trade in merchandise and commercial services. This r
Discuss the market and manufacturing requirements that make it appropriate to use MRP and Just-in-Time.
.what is rank order clustering(roc)
Complete additional investigation on the JIT and EOQ models. Discuss which of the two inventory models is better and why: Economic Order Quantity or Just-in-Time?
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