A manager is going to purchase new processing equipment and must decide on the number of spare parts to order with the new equipment. The spares cost $171 each, and any unused spares will have an expected salvage value of $41 each. The probability of usage can be described by this distribution:Number 0 1 2 3Probability .10 .50 .25 .15If a part fails and a spare is not available, 2 days will be needed to obtain a replacement and install it. The cost for idle equipment is $560 per day. What quantity of spares should be ordered?a. Use the ratio method. (Round your answer to 2 decimal places. Service level is , so we need to order Spares. b. Use the tabular method.
Answers: 1
Another question on Business
Business, 22.06.2019 02:50
Acompany set up a petty cash fund with $800. the disbursements are as follows: office supplies $300 shipping $50 postage $30 delivery expense $350 to create the fund, which account should be credited? a. postage b. cash at bank c. supplies d. petty cash
Answers: 2
Business, 22.06.2019 11:00
What is the advantage of developing criteria for assessing the effectiveness of business products and processes? a. assessment criteria are answers. b.assessment criteria are inexpensive. c.assessment criteria provide you with a list of relevant things to measure. d.assessment criteria provide you with a list of people to contact to learn more about process mentoring.
Answers: 3
Business, 22.06.2019 13:30
What do you recommend adam do to increase production in a business setting that does not seem to value high productivity?
Answers: 3
Business, 22.06.2019 15:00
Portia grant is an employee who is paid monthly. for the month of january of the current year, she earned a total of $8,388. the fica tax for social security is 6.2% of the first $118,500 earned each calendar year and the fica tax rate for medicare is 1.45% of all earnings. the futa tax rate of 0.6% and the suta tax rate of 5.4% are applied to the first $7,000 of an employee's pay. the amount of federal income tax withheld from her earnings was $1,391.77. what is the total amount of taxes withheld from the portia's earnings?
Answers: 2
You know the right answer?
A manager is going to purchase new processing equipment and must decide on the number of spare parts...
Questions
Mathematics, 24.01.2020 00:31
Mathematics, 24.01.2020 00:31
Mathematics, 24.01.2020 00:31
Mathematics, 24.01.2020 00:31
Mathematics, 24.01.2020 00:31
Mathematics, 24.01.2020 00:31
