Answer:
Mass Customization
Explanation:
Mass Customization -
It is a manufacturing and marketing strategy ,
where huge range of services and products are altered or changed according to the likes and dislikes of the customers , is referred to as mass customization.
It is also known as built - to - order and made - to - order.
These type of method are used in order to increase the sale of the goods and service , by modifying the goods according to the customers satisfaction.
Hence , from the question,
The correct term is mass customization.
A SWOT analysis will identify Mcfarlane as a STRENGTH.
SWOT analysis refers to a study that is usually undertaken by companies in order to identify its internal strengths and weaknesses as well as its external opportunities and threats. In the question given above, Mcfarlane is a strength to his company because his efforts are beneficial to the company.
<span>The difference in a variable measured over observations (time, customers, items, etc.) is known as the variance.
</span><span>it is the measure of variability that utilizes all the data and it is calculated by
</span><span> taking the differences between each number and the mean,. Then these differences are squared in order to be positive. At the end the sum of the squares is divided by the number of values in the set.</span>
Answer:
Given that generators generate greater profit with less consumption of hours, the maximum profit would be building 130 generators, obtaining $ 32,500 of profit, and there would be 10 hours of testing left over.
Explanation:
Since the Electrotech Corporation manufactures two industrial-sized electrical devices: generators and alternators, and both of these products require wiring and testing during the assembly process, and each generator requires 2 hours of wiring and 1 hour of testing and can be sold for a $ 250 profit, while each alternator requires 3 hours of wiring and 2 hours of testing and can be sold for a $ 150 profit, and there are 260 hours of wiring time and 140 hours of testing time available in the next production period and Electrotech wants to maximize profit, to determine this situation the following mathematical logical reasoning must be carried out:
260/2 = 130
140 - 130 = 10
130 generators = 32,500
Thus, given that generators generate greater profit with less consumption of hours, the maximum profit would be building 130 generators, obtaining $ 32,500 of profit, and there would be 10 hours of testing left over.
Answer:
the optimal order size Q is 18.56 cars
the annual inventory cost = $12066.48
the order cycle time is 42.34 days
Explanation:
Using the following expression to determine the optimal order size Q:
Hence; the optimal order size Q is 18.56 cars
The annual inventory cost is mathematically expressed as:
= 
= 6034.482759 + 6032
= $12066.48276
≅ $12066.48
Hence, the annual inventory cost = $12066.48
For The order cycle time; we have;
Order cycle time = 
= 
= 
= 
= 42.34 days
Hence, the order cycle time is 42.34 days
