2. In the past, Alpha Corporation has not performed incoming quality control inspections but has taken the word of its vendors. However,Alpha has been having some unsatisfactory experience recently with the quality of purchased items and wants to set up samplingplans for the receiving department to use.For a particular component, X, Alpha has a lot tolerance percentage defective of 49 percent. Zenon Corporation, from which Alphapurchases this component, has an acceptable quality level in its production facility of 12 percent for component X. Alpha has aconsumer's risk of 10 percent and Zenon has a producer's risk of 5 percent.a. When a shipment of Product X is received from Zenon Corporation, what sample size should the receiving department test? UseExhibit 10.16. Note: if the exact value of the computed LTPD/AOQ ratio does not appear in Exhibit 10.16, use the next higher ratio.(Round up your answer to the next whole number.)Sample sizeb. What is the allowable number of defects in order to accept the shipment?Allowable number of defects Excerpt from a Sampling Plan Table for a = 0.05, ß= 0.10exhibit 10.16LTPD/AQLn* AQLLTPD/AQLn* AQL44.8900.0523.5492.613110.9460.35563.2063.28626.5090.81872.9573.98134.8901.36682.7684.69544.0571.97092.6185.42600

Given data: Lot tolerance percentage defective or (LTPD)= 49 %.Acceptable quality level or (AQL) =…

Answered: In the past, Alpha Corporation has not…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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1. 1.Alabama llc collected sales dara for four months, janurary through april. the data is janurary-17, feburary -24, march -25 and april -26. usung a three month moving average. the forcaste calue of may is a. 21 b.22 c.23 d.24 2. a decision tree branch has an expectrd monrtary value of 108. the probability of success is .6 with an outcome value of 200. what is the outcome value of failure?
Risk Aversion; Strategy John Holt is the production supervisor for ITEXX, a manufacturer of plastic parts with customers in the automobile and consumer products industries. On aTuesday morning, one of ITEXX’s sales managers asks John to reschedule his manufacturingjobs for the rest of the week to accommodate a special order from a new customer. The catchis that getting the customer requires fast turnaround on the order and means not only delayingthe current production schedule, but also running the production equipment all three shifts forthe remainder of the week. This will make it impossible to complete the regularly scheduledmaintenance on the equipment that John has planned for midweek. The sales manager is keen ongetting the new customer, which could mean an important increase in overall sales and output atthe plant. However, John is worried not only about the delay of the current jobs, but the chancethat the delay in maintenance will cause one of the machines to fail, which would…
Subject: acounting
14. If a buyer defaults on a contract for sale after paying $7,000 in earnest money as a deposit, what happens to the earnest money? O The seller keeps the $7,000. O The buyer gets the money back. ○ The seller and the listing broker split the money between them O The broker keeps the $7,000
D4.
Termination from a job is an unpleasant experience which most employees have to go through at some point during their professional career. Getting terminated from the job may have psychological, professional and financial consequences on the employees. Suppose as an MBA student, you decide to investigate the experience of termination from job of employees working in the banking sector as part of your thesis research. Plan a qualitative study to investigate banking sector employee’s experience of termination from job by answering the following questions: Q.2 (a) What will be your target population, context, sampling technique and sample size in this study?
Termination from a job is an unpleasant experience which most employees have to go through at some point during their professional career. Getting terminated from the job may have psychological, professional and financial consequences on the employees. Suppose as an MBA student, you decide to investigate the experience of termination from job of employees working in the banking sector as part of your thesis research. Plan a qualitative study to investigate banking sector employee’s experience of termination from job by answering the following questions: Q.3 What steps will you take before, during and after this study to comply with research ethics? Write at least 7 steps.
(d) The company only has 4 workstations available. If it only operates its 4stations, how many weeks does it need to meet the production requirements?(e) The company has other contracts it needs to satisfy. Working on themugs more than 4 weeks means it will have to cancel another contract,incurring a penalty of $4,500. Each new workstation costs the company$2,500. What should the company do: cancel the contract or buy therequired workstations?
2. Beech Company made the following expenditures relating to Product FG. Legal cost to file a patent on Product FG. Production of the finished product would not have been undertaken without the 25,000 patent. Special equipment to be used for development of Product FG. The equipment has an estimated useful life of four years. Labor and material costs incurred in producing a prototype model Cost of testing the prototype Trouble shooting breakdown during production. Cost of routine on-going effort to refine, enrich or improve quality 200,000 750,000 78,000 38,000 86,000 of Product FG. Required: a) What is the total cost that should recorded as research and development cost? b) What is the total cost that should be part of Intangible assets? c) What is the total cost that should be part of operating expense?
PP.71 A small manufacturer of specialty welding equipment has developed a combination production plan for the next four quarters, as seen below. Supply/Demand Info Pre-Q1 Q1 4,620 4,620 Forecast (demand) Regular production Subcontract production Ending inventory Hired employees Fired employees Total employees 42 42 Q2 Q3 Q4 4,730 5,390 5,170 5.080 5.060 5.080 330 4 46 The table below shows additional relevant information: Capacity Information & Cost Variables Production rate (units/employee/quarter) Subcontractor capacity (units/quarter) Regular production cost/unit Holding cost'unit/quarter Hiring cost/employee Firing cost/employee Subcontract cost/unit 110 480 $85 $13 $820 $2,150 $119 110 110 46 46 What is the overall total cost for this production plan? (Display your answer to the nearest whole number.) Number What is the total subcontract cost for this production plan? (Display your answer to the nearest whole number.) Number What is the total holding cost for this production plan?…
Q1. General Appliance Corp. produces refrigerators at three plants: Marietta, Minneapolis and Phoenix. They ship them to major retail outlets in Chicago, Los Angeles and New York City. The accounting, production and marketing departments have provided the following information in the given tables; Plant capacities over the next planning period, retail outlet demand and unit cost of shipping between any plant and retail outlet. The company would like to minimize the cost of their transportation network by identifying how many units to ship between each plant and retail outlet. 1. Formulate this linear optimization problem by clearly listing the decision variables, objective function and constraints. 2. Create a spreadsheet model for this problem and solve it using Solver. What is the minimum cost? Plant Supply Marietta 1200 Minneapolis 800 Phoenix 1600 Retail Outlet Demand Chicago 650 Los Angeles 1450 New York City 1500…
10. Dantey Development Corporation is considering bidding on a contract for a new office building complex. Dantey's Company must decide whether to bid on the contract or not. The cost of preparing the bid is $200,000. Based on past experience the company has a 0.80 probability of winning the contract if it submits a bid. If the company wins the bid, it will have to pay $2,000,000 to become a partner in the project. Dantey Company will consider doing a market research study to forecast demand for the office units prior to beginning construction if the company wins the contract. The cost of this study is $150,000. The possible outcomes of the market research study can either be high or moderate forecasts. The likelihood of high forecast is 0.60. Dantey CEO must decide either to build the office complex or sell the rights in the project to another developer upon wining the contract whether the market research study was conducted or not. The decision to build the complex will result in an…

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