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A toy company has decided to manufacture a new toy tractor, the production of which is made up of six steps. The demand for the tractor is 4800 units per 40-hour workweek:
Task
Performance Time (Seconds)
Predecessors
A
25
None
B
20
C
15
D
E
10
B, C
F
D, E
For the 5 workstation configuration in which Station 1 is assigned task A, Station 2 is assigned task B, Station 3 is assigned tasks C and D, Station 4 is assigned task E, and Station 5 is assigned task F, identify the idle time for a product cycle at each work-station.
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The maximum amount available of the "Other" ingredients is 125 tons. The cement sells for $60 per ton. The organization needs to maximize its profit. Formulate the linear programming problem to maximize the profit.
Discuss the importance of the calculation and interpretation of ratios, to complete an effective financial ratio analysis?
What is the difference between data and information? Why is the distinction important? Identify and describe the characteristics and costs of useful information.
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