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Process with Setup
Consider the following batch-flow process consisting of three process steps performed by three machines:
Work is processed in batches at each step. Before a batch is processed at Step 1, the machine has to be set up. During a setup, the machine is unable to process any product.
a) Assume that the batch size is 100 parts. What is the bottleneck in this process? What is the capacity of the process?
b) What batch size would you choose in order to minimize the inventory without reducing the process capacity? Assuming that all units of a batch have to be processed before they can move to the next step.
Illustrate what is the probability of completing this project among 38 and 40 days. Illustrate what are the slack values for activities C and F? Interpret the meaning of their slack values.
Calculate the CRC that will be used to transmit the message?
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Sales (X, in millions of dollars) is related to Profits (Y, in hundreds of thousands of dollars) by regression equation Y = 8.21 + 0.76 X. Illustrate what is your forecast of profit for a store with sales of $40 million or $50 million.
What is going to be your competitive advantage? What is the benefit you are trying to provide to your customers.
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A classification model's misclassification rate on the validation set is a better measure of the model's predictive ability on new data than its misclassification rate on the training set.( true or false? why?)
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The first unit took 85 hrs to produce. Depend on past experience with manufacturing similar units, Cambridge estimates that the learning rate is 93 percent. Elucidate how long will it take to produce the 5th unit.
What was the intended effect versus the actual effect of the message? Was a shared reality constructed? If not, what needed to change?
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