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- Ji-hu believes in making decisions based on the method of experience. Considering this, which of the following actions would he most likely take? A. He would buy the Lucia espresso machine because surveys of the product show the highest customer approval. B. He would buy the Hellman espresso machine because the choice seems obvious. C. He would buy the Franceso espresso machine because research shows it is the most durable. D. He would buy the Jones espresso machine because he liked his previous machine, which was made by Jones. E. He would buy the Almas espresso machine because his manager highly recommends it.Why should a systems developer be concerned with ISO? What is ISO?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 is the rationale behind the utilization of ISO by systems developers?What exactly is ISO, and why is having a good understanding of it crucial for a systems developer?A company is introducing reusable straws in the Canadian market on 1st of January 2022. They estimate the total market for reusable straws in Canada is approximately 3 million per year. The company expects to sell 500000 straws in the first year. There is a competitor already in the market whose sales per year is 1 million straws per year. Your group have been hired as consultants to answer the following questions: Q 1-The company is building a facility to produce 1 million straws per year. Is this capacity just right, too little or too much? What factors will you consider in building capacities? Should they adopt a a) leading strategy b) lag strategy or c) straddle strategy to build further capacities. Please justify. Q-2The company also wants you to recommend an aggregate planning strategy. They have provided you with the following information. Month Expected Demand Production Days January 2022 35000 22 February 2022 30000 18 March 37000 22 April…
- Is the mechanism designed to optimise the customer's expected value?The COSO ERM framework presents eight interrelated components of riskmanagement: 1. the internal environment (the tone of the organization),2. objective-setting,3. event identification,4. risk assessment,5. risk response, 6. control activities,7. information and communications, and8. monitoring. Write brief notes on each of the COSO ERM framework relating it to ISO 31000, whereappropriateWhy should system developers care about ISO?
- Why does a systems developer need to be concerned with ISO, and what is ISO?Why is it important for a systems developer to understand ISO?Which of the following is/are the advantage(s) of using the ISO 9001 standard? a. Improve environmental safety b. Consistently meet customers requirements, and quality is consistently improved c. Process containment d. Operate in a socially responsible way