EBK OPERATIONS MANAGEMENT
11th Edition
ISBN: 8220103630726
Author: RENDER
Publisher: PEARSON
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Question
Chapter E, Problem 4DQ
Summary Introduction
To determine: The implications for GL Company.
Introduction:
Learning curve:
Learning curve is based on the premise that when a person is repeating a task or job again and again, the performance of the person on that job or task will improve. It will depict relationship between cost and output over a definitive period of time.
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Students have asked these similar questions
Assume that a company is considering buying a new piece of equipment for $240,000 that would have a useful
life of five years and no salvage value. The equipment would generate the following estimated annual revenues
and expenses:
Commissions
Insurance
Revenues
$ 112,400
Less operating expenses:
$ 15,000
5,000
48,000
30,000
98,000
$ 14,400
Depreciation
Maintenance
Net operating income
Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables
provided.
The internal rate of return for this investment is closest to
a) Suppose you walk into a large supermarket at 2 am with a friend. Your
friend says, "I can't believe that these stores stay open all night. Only one
out of fifteen checkout lines is open. There can't be more than ten
shoppers in this store. It just doesn't make any sense for this store to be
open all night." What conditions must be true for it to be to the
advantage of the supermarket to stay open all night?
b) Your friend has a large garden and grows fresh fruit and vegetables to be
sold at a local "farmer's market." Last year your friend was the only worker
in the garden, without any additional workers. However, this year your
friend hired a worker and production more than doubled. He comments
"Next summer, I think I'll hire another two workers (so total workers
including myself would go up from 2 to 4) and my output should again
more than double". Is it likely that he could hire more workers and always
continue to reap greater than proportional increases in production? Why?
Scenario
Wanda is horrified when she sees a news report that some dog treats have been recalled because they have caused some dogs to get sick and even die.
Wanda is very careful about her ingredients and uses only chicken, lamb, and bison that come from sustainable farms. Still, these headlines make her
nervous. What if her dog treats make someone's dog sick? What if a batch of her Chicken Cuties is somehow contaminated and a dog dies from eating
them?
For Discussion
Wanda comes to you for advice, not as an attorney, but as someone who knows about the legal environment in business regarding her potential liability.
• What kind of legal exposure does Wanda have, and how can she protect herself against lawsuits?
• How much responsibility do you believe companies should have for the safety of their products?
Chapter E Solutions
EBK OPERATIONS MANAGEMENT
Ch. E - Prob. 1DQCh. E - Prob. 2DQCh. E - Prob. 3DQCh. E - Prob. 4DQCh. E - Prob. 5DQCh. E - Prob. 6DQCh. E - Prob. 7DQCh. E - Prob. 8DQCh. E - Prob. 1PCh. E - Prob. 2P
Ch. E - Prob. 3PCh. E - Prob. 4PCh. E - Prob. 5PCh. E - Prob. 6PCh. E - Prob. 7PCh. E - Prob. 8PCh. E - Prob. 9PCh. E - Prob. 10PCh. E - Prob. 11PCh. E - Prob. 12PCh. E - Prob. 13PCh. E - Suad Alwan, the purchasing agent for Dubai...Ch. E - Prob. 15PCh. E - Prob. 16PCh. E - Regional Power owns 25 small power generating...Ch. E - Prob. 18PCh. E - Prob. 19PCh. E - Prob. 20PCh. E - Prob. 21PCh. E - Prob. 22PCh. E - Prob. 23PCh. E - Prob. 24PCh. E - Using the accompanying log-log graph, answer the...Ch. E - Prob. 26PCh. E - Prob. 1CSCh. E - Prob. 2CSCh. E - Prob. 3CS
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