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Identify some of the changes that were implemented in the car racing world to enable such a fast setup time (these include product design, having replacements available where and when needed, devoting human resources to the task, using automation, etc.). How can some of these same ideas be applied to many different setup tasks in companies. A powerful example of setup time reduction is the process of changing tires. When we get a flat tire, we have to change it, taking 10 minutes or more, and then we drive to the tire store to fix or replace the flat. Usually the process takes at least one hour. In a car race, however, all four tires are changed in a matter of seconds (recall the Global Company Profile in Chapter 10). Every lost second represents about 500 yards of distance in the race, so a fast setup time is critical for success. Clearly, with enough investment and ingenuity, most setup times can be reduced.
Compare and contrast benefit-cost, cost-effectiveness, and cost-utility analysis and determine which is the most useful to assess the value of health care services overall. Pr
For many months, your prospective ERP customer has been analyzing the hundreds of assumptions built into the $900,000 ERP software you are selling. So far, you have knocked yo
While many domestic institutions play an important role in the globalization process, describe three fundamental policy measures that those countries need to promote in order
Tank Company, which uses weighted average process costing, had an equivalent cost per unit for direct materials of $0.80 and for conversion costs of $0.60 during April. There
Think about the technology needed to support daily tasks and functions within our organizations and how quickly technology changes. There are many challenges we face as leader
Jimbo Elrod has obtained fixed and unit variable cost in formation of four potential locations for his professional wrestling school and summarized it in the table below. All
"The central qualities that make for successful teaching can be simply stated: command of the material to be taught, a contagious enthusiasm for the play of ideas, optimism ab
Project scheduling basically means providing milestones for the completion of tasks involved in a project. Do time, cost, and communication impact the ability of keeping a pr
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