The decision made during the design process have a great effect on the cost of a product, but the cost is expensive. Product cost can be committed any time during the design process.
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True or False
The decision made during the design process have a great effect on the cost of a product, but the cost is expensive.
Product cost can be committed any time during the design process.
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Solved in 4 steps
- In a make-or-buy decision, relevant costs include: incremental fixed costs fixed factory overhead costs allocated to products ) unavoidable fixed costs prior investments in production equipmentHome-Style Cookies has decided to implement an employee suggestion to open a retail cookie shop in the front area of their manufacturing building in Hudson, New York. The employee offices currently occupying that space can easily be moved to the production area and there is ample parking for customers. Even though the plant is located in a small town, it is easily accessible and visible from the scenic highway which leads to Manhattan, New York. Through research and initial consumer testing, the retail shop will offer individual cookies for sale, pre-packaged dozen cookies (one kind of cookie), and gift cookie assortments in logoed tins in two sizes, 2-dozen and 3-dozen. The Home-Style executive team has hired you as a consultant to create the initial plan for the new retail shop. They have given you the first three months’ forecast, represented in the following table (Retail Shop Forecast). Embed your service blueprint in your document or submit it separately. Month Chocolate…If goods are specially manufactured, unique, or rare, a buyer may have the right to specific performance. Group of answer choices True or False
- Given the following conditional value table, determine the appropriate decision assuming that each state of nature has an equal likelihood of occurring: States of Nature Alternatives Large plant Very Favorable Market $275,000 Average Market $100,000 Unfavorable Market - $150,000 Small plant Overtime Do nothing $200,000 $60,000 -$10,000 $100,000 $40,000 -$1,000 $0 $0 $0 The appropriate decision is to which has an EMV = $ (round your response to the nearest whole number).Defining the ideal or future state in the decision making process is typically the most challengoing part of the process. True or false?Implementation of a decision requires time, planning, preparation of personnel, and evaluation of results.; True or False
- The proposed Ghana Airways Airline project is being procured through a Public-Private Partnership (PPP). In the PPP procurement process, two companies (the SPVs-special purpose vehicles), ‘A’ and ‘B’ with each having 0.5% chances of selection. The risks analysis document reveals that SPV ‘A’ has 0.4 risk of performance failure, whiles SPV ‘B’ has 0.3 risk of performance failure. Using Decision Tree Analysis, as a project manager, critically assess the options and advise on the best SPV to be chosen.Companies can use the expected value method to estimate variable consideration when... The contracts has two possible outcomes A company has a large number of contracts with similar characteristics A company can use the most likely amount in a range of possible outcomes A company has a smaller number of contracts with similar characteristicsWithout any numbers, kindly explain what possible problem is being decided by the decision tree below? Self-Unloader Scrap Value Gearlcss Self-Unloader Win Bid Price Gearless Sister Ship Lose Tug/Barge Risks Of The Shipping Business Bid Price Salvage Value Defined Ás: Which Ship To Order? Auction For Kuniang Result
- A work team is looking at a current product in the LUML catalog --- the L555X fixture. The L555X was introduced about 2 years ago; is a pretty good seller; seems to meet customer needs (virtually no complaints and few returns); and should be in production for several more years. No major changes in capability are planned. However, LUML is interested in improving the profits from the product. Marketing opines that the L555X is fairly priced given the competition and L555X’s capabilities. One option to try to increase profits is to raise the price (revenue) while holding the production expenses constant. Marketing believes that the L555X has a typical demand curve; and an increase in price will lead to a decrease in sales volume and lower overall revenue. On January 13, the team analyzed the current design and identified 63 parts in the L555X. On January 27 and 28, the team met with the industrial engineering department. Together they were able to identify 108 interfaces in the L555X.…The life cycles of many products are becoming shorter Group of answer choices causing companies to recognize that it may be more advantageous to confront, rather than compete with, the competition. meaning that tools such as benchmarking, and target costing become less important in adapting to the competitive environment. making products in the maturity stage of their life cycle the basis on which firms expect growth to be generated. so companies spend less and less on product design and development because products will not last as long as previously.a bread manufacturer relies on maintenance employees to keep its rather quite old production equipment for their operation. Whenever the equipment breaks down, the maintenance team is able to repair the equipment quickly. However, they are less effective at avoiding these breakdowns and cannot predict when the equipment will break down. The maintenance group has modified the equipment over the years and, in any event, the manufacturer of the equipment is no longer in business. The maintenance employees teach each other how to repair the equipment, but have refused to document any of this information (saying that it is too difficult to document these details). The company owner has thought about firing the maintenance staff unless they document the maintenance procedures, but realizes that there is no one else who can repair the equipment. Discuss or explain the sources or types of power and contingencies (moderator) of power among the maintenance employees in this situation.