Specialized processing equipment is required for a new tupe of integrated circuit to be produced by an electronics manufacturing company. the process us used on silicon wafers. the standard time for this process is 10.6 min per wafer. scrap rate is 15%. a total of 125,000 wafers will be processed each year. the process will be operated 24 hours per day, 365 days per year. data provided by the manufacturer of the processing equipment indicate that the availability is 93%. each machine is operated by one worker, and worker efficiency is 100%. no setups are required for the machine. how many pieces of processing equipment will be needed to satisfy production requirements?

Total marketing effort is a term used to describe the critical decision factors that affect demand: price, advertising, distribution, and product quality. define the variable x to represent total marketing effort. a typical model that is used to predict demand as a function of total marketing effort is based on the power function: d = axb suppose that a is a positive number. different model forms result from varying the constant b. sketch the graphs of this model for b = 0, b = 1, 0< b< 1, b< 0, and b> 1. (we encourage you to use excel to do this.) what does each model tell you about the relationship between demand and marketing effort? what assumptions are implied? are they reasonable? how would you go about selecting the appropriate model?