QuickHelper

(10)

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About QuickHelper

Levels Tought:
Elementary,High School,College,University,PHD

Expertise:
Accounting,Applied Sciences See all
Accounting,Applied Sciences,Business & Finance,Chemistry,Engineering,Health & Medical Hide all
Teaching Since: May 2017
Last Sign in: 357 Weeks Ago, 1 Day Ago
Questions Answered: 20103
Tutorials Posted: 20155

Education

  • MBA, PHD
    Phoniex
    Jul-2007 - Jun-2012

Experience

  • Corportae Manager
    ChevronTexaco Corporation
    Feb-2009 - Nov-2016

Category > Accounting Posted 31 Aug 2017 My Price 11.00

Decision Making ((Simulation))

Question description

 

A machine shop produces many parts but their biggest seller is the Deluxe Jig. Marketing only accepts orders in multiples of 50. Past demand data is: Order Amount Number of Orders 50 33 100 46 150 84 200 74 250 32 The Deluxe Jig goes through a four step process with the following yields: Cutting µ = 96.6% σ = 1.00% Grinding µ = 93.4% σ = 2.50% Lathe µ = 98.9% σ = 3.00% Polish µ = 98.4% σ = 1.00% Note: The yield cannot exceed 100% The production lot size is 15% more than the order size Design a simulation to determine what percent of the orders satisfy the order amount (10 points) Provide data analysis to verify that you tested the model validity (5 points)

Answers

QuickHelper
(10)
Status NEW Posted 31 Aug 2017 06:08 PM My Price 11.00

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