Is the mechanism designed to optimise the customer's expected value?
Q: snip
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A: 1.
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Is the mechanism designed to optimise the customer's expected value?
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- LIGHTHOUSE LABS Innovating in a Crisis Scale + Speed On its first day of operation, the facility processed 41 tests. By June, it could process 5,000 tests per day with a 24-hour turnaround time through a brute-force effort that was not sustainable over time. CONTEXT: FROM RESEARCH TO TESTING When COVID-19 struck, governments around the world faced sudden, overwhelming demand for rapid, reliable COVID testing capacity. Jerome Finlayson of the Scottish Manufacturing Advisory Service reached out to the Scottish government to discuss ways of achieving the scale required to address the needs of this crisis. A series of meetings led to the identification of a research laboratory at Queen Elizabeth University Hospital in Glasgow as a site that could be repurposed as COVID testing facility. The new facility, dubbed the Lighthouse Laboratory, was founded as a partnership among Glasgow University, the National Health Service (NHS), The Department of Health and Social Care and Bio Clavis, a…Shell Oil Company's motto "People, Planet and Profit" is a real-world implementation of what OSCM concept?Mrs. Stellar Conch is the owner of an expanding business operating in bakery industry located in Kinston, Jamaica. Over the last few years business has been great. However, she believes it is time to grow and be more profitable. As such Mrs. Conch has decided to invest in a new sophisticated convection oven that would boost production levels by 200% in a more efficient manner. As an astute assistant manager to Mrs. Conch have asked you to analyze the following variables to assist in informing the correct decision: . Mrs. Conch is considering investing in one of two convection ovens - Type ABC and Type XYZ; The initial investment costs of ovens Type ABC and Type XYZ are both $120,000 each; Over a 5 year period directly following the investment, projected revenue attributed to the Type ABC oven is $70,000 a year. While projected expenditure is $40,000 a year for the Type ABC oven; This is not the same for the Type XYZ oven investment, which is projected to only have revenue and…
- Mrs. Stellar Conch is the owner of an expanding business operating in bakery industry located in Kinston, Jamaica. Over the last few years business has been great. However, she believes it is time to grow and be more profitable. As such Mrs. Conch has decided to invest in a new sophisticated convection oven that would boost production levels by 200% in a more efficient manner. As an astute assistant manager to Mrs. Conch have asked you to analyze the following variables to assist in informing the correct decision: Mrs. Conch is considering investing in one of two convection ovens - Type ABC and Type XYZ; The initial investment costs of ovens Type ABC and Type XYZ are both $120,000 each; Over a 5 year period directly following the investment, projected revenue attributed to the Type ABC oven is $70,000 a year. While projected expenditure is $40,000 a year for the Type ABC oven; This is not the same for the Type XYZ oven investment, which is projected to only have revenue and…What exactly is ISO, and why is it crucial for system developers?BMW announced the implementation of their new ‘iFactory’ strategy - A single production line can create many drive types and vehicle models because of the company’s flexible production structures. Therefore, they can quickly respond to fluctuations in demand Therefore, BMW says it is investing massively in the restructuring of competencies in the areas of quality, logistics, maintenance, E/E, e-mobility and digital planning. Accordingly, more than 50,000 BMW Group employees have already qualified themselves for use in electromobility. What will be the consequences for the employees and the threats to the company?
- Mont Corp produces and sells 1,000 dining tables per year. Currently its only quality problem with the products is related to varnishing. It currently incurs $400 per year for quality training and $600 per year for reliability engineering. Inspection cost is $6 per unit, and all units produced are inspected. Traditionally, at an internal inspection, 9% of all units fully-produced are found to have problems with the varnishing, and are reworked. Rework cost is $100 per unit. Defective units sold to customers are returned to the company and reworked. External failures are 1% of units sold, and the company incurs the shipping costs at the rate of $20 per unit. In 2020, management are considering an alternative method of inspecting products which will reduce inspection cost by $1.50 per unit. The alternative method will reduce the internal failure to 4% of all units produced, and increase the external failure rate to 6% of all units sold. In addition, with the alternative inspection…what logistocs strategies and decisions will you take to a smooth flow of its materials and products from the suppliers to the customers keeping that uncertainity in mindWhat effects do quality planning have on system output, performance, maintainability, reliability, and functionality?
- Which current issue in OSCM relates to the ability of a i rm to maintain balance in a system, considering the ongoing economic, employee, and environmental viability of the firm?Give your own examples of each of the following non-functional requirements: a. Look-and-feel b. Performance c. Maintainability and supportWhat high-level position manager is responsible for working with the CEO and company president to determine the company’s competitive strategy in the operations.