Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

A production process at Firsten Last, Inc. has two in-line stages. The probability of defects occurring ini stage 1 is 30%. If there is a defect at stage 1, there is a 90% chance of defect at stage 2. If there is no defect at stage 1, the probability of a defect at stage 2 is 20%. Finished units that only have a stage 1 defect can be repaired at a cost of $7. A stage 2 only defect costs $11 to repair. Items with a stage 1 and a stage 2 defect must be scrapped at a cost of $2 each.    It costs $18 to manufacture and $5 to test each unity. The shipping cost is $3 per unit. They sell for $50 each.    a) what percentage of finished units will have the folloiwng attributes? i.) no defects, ii.) a stage 1 defect only iii.) a stage 2 defect only, and iv.) a stage 1 and a stage 2 defect  b) what is the expected profit per unit?

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M93110084

Have any Question?


Related Questions in Operation Management

1 explain the role of total in total quality management2 in

1. Explain the role of "total" in total quality management. 2. In performance appraisals, is it fair to rate employees against one another? 3. To what extent is The Container Store’s approach toward rewards consistent wi ...

What happens in the absence of controlgive an example of a

What happens in the absence of control? Give an example of a standard for sustainability. What impact would achieving Six Sigma quality have on a company’s costs? If one activity costs the most, how would you decide if t ...

Consider the various attributes of a transportation

Consider the various attributes of a transportation management system (TMS), rate shopping, routing optimization, shipment tracking, payments and invoicing, and reporting. Explain which capability you feel is the most im ...

Assume you are the human resource manager of a small

Assume you are the human resource manager of a small seafood company. The general manager has told you that customers have begun complaining about the quality of your company’s fresh fish. Currently, training consists of ...

1 talk about at least two authorities that the state has

1. Talk about at least two authorities that the state has and two authorities the federal government has to protect and regulate health care. Give one good example for each level. 2. Explain different classifications of ...

Assume you are the manager of a company who is looking for

Assume you are the manager of a company who is looking for just the right person to fill a unique new position. You need to write a very targeted and effective ad that will grab attention and create interest in potential ...

A corn-to-ethanol plant is located 505 km from farm a and

A corn-to-ethanol plant is located 50.5 km from farm A and 170.5 km from farm B. Farm A will sell corn to the plant for $309.4/metric ton, while farm B will sell corn at a price of $258.1/metric ton. Each truckload can c ...

1 discuss the main differences between health-care

1. Discuss the main differences between health-care offerings in the United States and one other country’s practices discussed in this chapter. How do these differences affect companies’ ability to compete with other com ...

1 what elements of the scientific management are still used

1. What elements of the scientific management are still used in today’s workplace? 2. At Amazon, the teams are small and they are assigned authority and empowered to solve a customer service problem in any way they see f ...

1 when a wrongdoer harms a persons interest in land or

1. When a wrongdoer harms a person's interest in land or personal possessions, this is referred to as: a. a misdemeanor b. breach of fiduciary duty c. a contractual breach d. a libel against the person e. none of the oth ...

  • 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

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As