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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. 1/ Determine the optimum batch production quantity given that the job shop has agreed to supply the formed parts. 2/ Is the situation a profitable one for the job shop? I 3/ If not, how must the selling price be changed for the expected profit to be positive?
Which best describes the client's role in the Generating Ideas stage of CPS? a. listens carefully to the ideas generated by the resource group. b. tells the resource group immediat
Low Price and Product Features - Operation Strategy Low price The ability of the operations system to satisfy the customers' requirements more cost-effectively (and by
Combine your list with the lists of a few other class members and categorize the items under a series of major headings.
The problem requires an excel solution and an algebraic solution with variables: During the month of July, Pittsburgh resident Bill Fly must make four round trip flights between Pi
Analyze what the financial manager provided to the management of Comet Skateboards. Imagine a large firm approached Comet Skateboards with an offer of acquisition. Outline the majo
Explain functions in which industrial manager is involved? The Industrial Manager is occupied in the given functions:- (i) Design products which will find acceptance in comp
Assume that you are offered a new piece of equipment for $10,000. The equipment will produce 10,000 units per year with a margin of $6.00 per unit. Demand for the product being pro
Productivity of the Organisation Productivity of the organisation is normally an operations problem - the operations function is usually the area of the company with the large
General Model of the Operations Function This figure illustrates the basic concept of the operations function. Firstly inputs are transformed (converted) to outputs with the m
#quest What happens if line balance doesn’t existion..
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