Estimate the cost of producing, Basic Statistics

Consider the manufacturing system presented in the article by Yu and Bricker (1993).

The management would like to purchase new machine tools more reliable and more high accuracy. These would eliminate all inspection operations and the times (rework). However, some parts will be released and made recovery due to internal defects that occur at various stages of machining. The new process then include four (4) steps only (machines 1, 2 and 3, and the packaging), in addition to the recovery of rejected parts. The characteristics techno-economic of the new process are given in the following table.

Operation j

Time t(j) men-hours

Cust c(j) $/hour

Reject rate

1.Machine 1

5.6

15.00

10

2.Machine 2

3.5

15.00

5

3.Machine 3

3.1

15.00

5

4. packaging

0.7

5.00

-

The new machine tools are more expensive to operate but discard rates are much lower and inspections are no longer required. The cost of purchasing parts Crude remains at $ 50 and the salvage value of rejected parts is $ 12.

(A) What's the percentage of crude part completed successfully? On average, how much crude parts have to be fixed to make 100 pieces finished?

(B) On average, what is the cost of producing a finished piece?

Posted Date: 3/26/2013 8:06:15 AM | Location : United States







Related Discussions:- Estimate the cost of producing, Assignment Help, Ask Question on Estimate the cost of producing, Get Answer, Expert's Help, Estimate the cost of producing Discussions

Write discussion on Estimate the cost of producing
Your posts are moderated
Related Questions
solved example with data of bi variate frequency distribution

BALANCE SHEET A financial report that shows the resources, obligations, and stock of a business at a specified time frame in complying with usually recognized sales concepts (GAAP

The following are actual data showing the latitude of a sample of major cities in the northern hemisphere and their mean high annual temperature. latitude(X)    mean high temp(Y

A study of long term phone calls made from general electricss corporate headquarters in fairfeild, conneticuit, revealed the length of the calls, in minutes follows the normal prob

List all possible simple random samples of size n = 2 that can be selected from the population {0, 1, 2, 3, 4}. Calculate 2 s for the population and Var y( ) for the sample.

1. Warm-up Exercise Volumes I, II, III, and IV of Shakespeare are in sequence next to one another in the library bookcase.  Each volume has 2" of pages and the front and back co

The national demand and price for a certain type of energy-efficient exhaust fan are related by p=441-3/7q, where p is the price and q the demand. The price and supply of the exhau

I want support about statistical distributions

The company acquired 50000 8% preferencd shares (with a par value of R4 each) in cross limited on 30 june 2006 for R180000.transaction costs at the acquisition date amounted to R12

For an alignment shown below derive log-odds score for the column 1 only by a)  Computing observed probability values b)  Expected probability values TAGCTT AAGCTC T