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- Justin is a carpenter and makes furniture which he sells via the internet. He needs a new machine with steel attachments to speed up the drilling process for his work. He contacts Fixing and Building Machines Ltd who recommends a machine which they claim is more than 10 times quicker and stronger than his old machine. Justin goes into Fixing and Building Machines Ltd. Before paying for the machine, he sees a sign on the wall behind the counter that has the words “Important Information: READ BEFORE PURCHASE! Fixing and Building Machines Ltd accepts no liability.....” in bold, red print at the top. However, the sign is falling down from the wall and the rest of the words are obscured by a large plant. Had Justin been able to read the rest of the sign, he would have read “....for loss howsoever caused.” Justin signs a document, buys this machine and takes it with him. When he tried it he found it to be no quicker than his old one and the attachments broke. He also found that it started…What exactly is ISO, and why is it crucial for system developers?When using the output of the TPS as an input to the DSS, what sort of MIS output would you want to provide as an option for that input?
- Teachers at With-Hope Comprehensive school is attending a 4-day course at the Mamelodi Community Development Center to learn presentations of lessons using a data projector. All thanks to an anonymous donor who donated multiple data projectors which the school can use for presenting lessons. Which purpose regarding training and development manifests in the above scenarioWhich of the following supplier-related activities are classified as unit level activities: extra machine set-ups due to late receipt of material from supplier additional production salaries caused by late delivery of components from a supplier damage to production equipment due to faulty materials costs of managing the relationship with a supplier inspecting material delivered from a supplier cost of storing raw materials purchased from a supplier. 1, 3, 5 and 6. 1, 2, 3, 5 and 6. 1, 3 and 6. 1, 2, 3 and 6.please provide explaination as to why the other options are incorrect. thank youuu
- Relevant Costs and Quality Improvement Lightening Bulk Company is a moving companyspecializing in transporting large items worldwide. The firm has an 85% on-time delivery rate.Thirteen percent of the items are misplaced and the remaining 2% are lost in shipping. On average,the firm incurs an additional $65 per item to track down and deliver misplaced items. Lost items costthe firm about $300 per item. Last year, the firm shipped 6,000 items with an average freight bill of$200 per item shipped.The firm’s manager is considering investing in a new scheduling and tracking system costing$125,000 per year. The new system is expected to reduce misplaced items to 1% and lost items to0.5%. Furthermore, the firm expects total sales to increase by 10% with the improved service. Theaverage contribution margin ratio on any increased sales volume, after cost savings associated witha reduction in misplaced and lost items, is expected to be 37.5%.Required1. Based on a relevant cost analysis, should…How is a problem statement verifiedWhat is the expected value of perfect information (EVPI)? Explain briefly plz
- Is the mechanism designed to optimise the customer's expected value?Suppose we have a business of supplying fruits and vegetables to customers. So How to manage a order when there is lack of team members(more then 3-5 employes on leave on same time ) in the order management and order need to be fulfilled in short span of time in the following situations :-I) When Delivery team missing II) When Packaging Team missingIII) When Billing Team missing (Answer in points only ) upvote for quality answerWhat is expected value of perfect information (EVPI)? What are the methods available to calculate EVPI?