A product is currently made in a process-focused shop, where fixed costs are $9,000 per
year and variable cost is $50 per unit. The firm sells the product for $200 per unit. What
is the break-even point for this operation? What is the profit (or loss) on a demand of
200 units per year?
Databases containing such variables as street maps, utilities, population age and
income, and the software that analyzes such data for location decisions, are referred to
as __________.
A company producing apps for a social networking site is deciding which path to
pursue. The first is to create an app that has universal appeal but faces a crowded
market. This app, A, would have sales of 100,000 copies at $1 each under ideal
conditions, but under tough conditions would have sales of only 60,000 copies at $.80
each. The other app, B, would have sales of 500,000 units at $.50 each under ideal
conditions but sales would be reduced to 10,000 units at $.50 each under tough
conditions. If ideal and rough conditions occur with the same frequency, which app
should the company produce? Note- both apps cost the same to develop.
What are the disadvantages of work sampling?
Why do modern operations managers look for flexibility in their equipment?
An operator trainee is attempting to monitor a filling process that has an overall average
of 705 cc. The average range is 17 cc. If you use a sample size of 6, what are the upper
and lower control limits for the x-bar and R chart?
What is a tracking signal? Explain the connection between adaptive smoothing and
tracking signals.
Why must the service rate be greater than the arrival rate in a single-channel system?