Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

Hyperware Tool & Die manufactures parts for an electric motor. Lately their customer has discovered that one of the pieces develops stress fractures during use. Hyperware has several options for how to fix this. They can change the alloy used for the part, which gives them two alloy possibilities. Their engineers estimate that the chances of success are 65% if they change the alloy. The other possibility is that they could change the design of the part, which provides two design possibilities. Their engineers estimate that either one presents a 95% chance of fixing the problem. However, this will require changes to the production process and will be more expensive. Using the information below, create a decision tree for Hyperware Tool & Die and compute the expected value for each change. How should Hyperware respond to the stress fractures?

Approaches:

Change alloy      Success (0.65)    Failure (0.35)

Alloy A                  -$6,340                 -$26,545

Alloy B                  -$7,450                 -$23,500

Redesign part    Success (0.95)    Failure (0.05)

Design A              -$10,550               -$35,950

Design B               -$12,680               -$32,100

Please give me answer with calculations.. i do not need a diagram...i need proper calculations and answer to the stress fracture questions.

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M91764475

Have any Question?


Related Questions in Operation Management

1 should the dr raymond burse president of the kentucky

1. Should the Dr. Raymond Burse President of the Kentucky State University be allowed to voluntarily lower his salary? If so, can he file a lawsuit later claiming internal and external inequity? 2. Should the Raymond Bur ...

1 mention any quality improvement that has been done in

1. Mention any quality improvement that has been done in your company, show the process and how the results. answer using power point to be presented. 3. Explain the specifics of how these three common drivers most likel ...

1 how did vwrsquos business model match its sustainability

1. How did VW’s business model match its sustainability strategy? 2. How did VW approach market competition considering the methods of other diesel manufacturers? 3. Explain consumer behavior differences for High involve ...

Hugh leach corp a producer of machine tools wants to move

Hugh Leach Corp., a producer of machine tools, wants to move to a larger site. Two alternative locations have been identified: Bonham and Mckinney. Bonman would have fixed cost of $800,000 per year and variable cost of $ ...

Read the information below develop a personal reflection

Read the information below. Develop a personal reflection based upon the two tenets of ability and willingness of participants as you think about training. Then explain how you would determine if employees had the readin ...

Open discussion for - pdsa and the nature of true

Open Discussion for - PDSA and the Nature of True Learning Then discuss some or all of these questions with your fellow students: 1) How can you put this PDSA methodology of learning into practice in your personal life n ...

1 why is it so dangerous to simply extrapolate historical

1. Why is it so dangerous to simply extrapolate historical data into the future to create a forecast? Use a specific real-world example of how this could create a problem. Does this mean we should not use historical data ...

This term the us supreme court will likely rule on a case

This term the U.S. Supreme Court will likely rule on a case regarding gerrymandering. Every 10 years, legislative districts are redrawn based on Census data. In most states, the redrawing of legislative districts is left ...

Cassandra who would be turning 18 in two weeks wanted to

[Cassandra, who would be turning 18 in two weeks, wanted to purchase a motorcycle at Hal’s Cycles. Hal explained she could pay monthly installments through a financing agreement, and that he needed an ID to verify she wa ...

1 describe each of the different types of fit person-job

1. Describe each of the different types of fit (Person-job fit,  person-team fit, Person-organization fit,  Person-vocation fit); explain the reason why each be most important to assess.   2. Describe and explain the ste ...

  • 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