For the manufacturing business, inventory which is in the process of being manufactured is referred to as:
A) supplies inventory
B) work in process inventory
C) finished goods inventory
D) direct materials inventory
B
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The feasible region in the diagram below is consistent with which one of the following constraints?
A) 8X1 + 4X2 ? 160 B) 4X1 + 8X2 ? 160 C) 8X1 - 4X2 ? 160 D) 8X1 + 4X2 ? 160 E) 4X1 - 8X2 ? 160
A component must have reliability of .9925. Two technologies are available for this component: one produces a component with .999 reliability at a cost of $2000. Another produces a component with .73 reliability at a cost of $450
Which is cheaper: one high quality component or a parallel set of inferior components? (Hint: for the inferior components, you first need to determine the number of them that would be needed to ensure overall reliability of .9925.)