A job shop received an order for high-precision formed, Ask an Expert

Management Studies

A job shop received an order for high-precision formed parts The following data is given: Revenue: $135,000 per each good part Cost Salvage$0.00 Probability of good part: 0.75 (Binomial Distribution) S55,000 per each part Customer requires at least 8 and not more than 10. If fewer than 8 are produced, the customer will not purchase any. Also, the customer will not purchase over 10 parts. What is my maximum expected profit?

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92516333

Have any Question?Write your Review or question?

Related Questions in Operation Management

Must be 300 wordsreferences is a mustif cannot follow the

Must be 300 words References is a must if cannot follow the instructions please dont answer Describe two of the worst jobs you know about. Why are they bad jobs? How would you redesign these jobs while improving producti ...

Can you read this whole information and give me

Can you read this whole information and give me Introduction (what to write introduction from this information) after you read ? Investigation Most of the Gardens have the weeding problem to solve this specific problem T ...

Company starbuck the question answer should be related to

Company: STARBUCK (the question answer should be related to starbuck company) 1. Summarize the various promotional strategies used by the STARBUCK in implementing an Integrated Marketing Strategy. 2. Identify the risks a ...

Atcs provides training for future air traffic controllers

ATCS provides training for future air traffic controllers. One of the skills air traffic controllers need is the ability to sequence aircraft for landing purposes. The controller decides who lands immediately and who goe ...

The med inc is a small heath care provider it employs 2

The Med Inc. is a small heath care provider. It employs 2 salaried physicians, 3 nurses, 2 clerks, and one office manager. Most patients pay for services rendered by cash or check on the day of their visit. Sometimes, th ...

Your task revise the following to eliminate long

Your Task. Revise the following to eliminate long lead-ins. This is an announcement to tell you that all computer passwords must be changed every six months for security purposes. We are sending this memo to notify every ...

Assignmentplease explain why the company coca-cola is

Assignment Please explain why the company (coca-cola) is chosen and how your plans to analyze the company. COMPETITOR ANALYSIS : Identify the company's primary competitors and evaluate their strengths and weaknesses. (15 ...

You are a manager in a large company and you are assigned

You are a manager in a large company, and you are assigned to a mentor. Your mentor is very excited that you are taking this particular course and has therefore asked you to develop and share your own personal theory of ...

1 in your own words describe the similarities and

1. In your own words, describe the similarities and differences between a business plan, feasibility analysis and business model. 2. How you design your work or your teams work hence your target will be accomplished. ...

You have just been hired as the new him director at a

You have just been hired as the new HIM Director at a 300-bed acute care facility. The CEO information you that the Information Management Plan is several years old and needs to be updated. The CEO makes this your first ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Operation Management Expert