Identify four potential unethical actions or inactions related to capacity planning, and the ethical principle each violates.
Answer to relevant QuestionsAny increase in efficiency also increases utilization. Although the upper limit on efficiency is 100%, what can be done to achieve still higher levels of utilization?A producer of felt- tip pens has received a forecast of demand of 30,000 pens for the coming month from its marketing department. Fixed costs of $ 25,000 per month are allocated to the felt- tip operation, and variable costs ...The manager of a car wash must decide whether to have one or two wash lines. One line will mean a fixed cost of $ 6,000 a month, and two lines will mean a fixed cost of $ 10,500 a month. Each line would be able to process 15 ...Remodeling an office will cost $ 25,000 and will generate savings of $ 3,000 the first year, $ 4,000 the second year, and $ 5,000 per year thereafter. How long will it take to recoup the initial cost of remodeling?Explain or define each of these terms: a. Laplace criterion. b. Minimax regret.c. Expected value. d. Expected value of perfect information.
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