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Your plant manager has decided to streamline production so as to reduce WIP (Work-in-process) inventory. However she does not want this reduced WIP to cause 'starvation' of workstations. She proposes flow of WIP from one workstation to another instead of collecting WIP in a centralized inventory storage area. She therefore asks you to design transfer containers for each set of workstations between which material flows. The design of the container serving raw material to a station should specify the container size (or capacity) and a warning level or "red level" which warns the workstation operator to call for more raw material. At a particular workstation you encounter the following problem parameters.Production rate at the workstation (or rate at whichraw material is consumed at the workstation): Normally distributed with a mean of 1000 units per hour and a standard deviation of 100 units per hour Cost of delivering material to the workstation: $10 per orderCost of holding the raw material: $0.125 per unit per hour.Response time of forklift (time between placingand receiving an order) 10 minutes.4.1) Design the container (buffer capacity and red level) for the above workstation completely ignoring the fact that the production rate at the workstation is stochastic. 4.2) Your plant manager is dissatisfied with neglecting the stochastic element in the problem and tells you that she wants your design to ensure that stockouts will occur in no more than 5% of the refilling cycles. Redesign the container.
Assume a fixed price of $900, a variable price of $4.50 also a selling price of $5.50. Illustrate what is the break-even point. Explain how many units must be sold to make a profit of $500.00.
A regular round-trip ticket costs $400, but a 20% discount is granted if the dates of the ticket span a weekend. A one-way ticket in either direction costs 75% of the regular price. Explain how should you buy the tickets for the 5-week period.
Which leader in quality management promoted the Quality Trilogy of quality planning, quality control, and quality improvement?
If a pilot test revealed 45% perceived poor service quality, and we decide the interval range is + 10 percent with a 95% confidence level, what is the calculated sample size to confirm or not the findings from the pilot test previously applied to fir..
Effective human resources professionals have a solid understanding of the changing nature of work and the workplace
In initial solution has been given to the following workcenter layout problem. Each location is 180 feet long and 90 feet wide as shown on the following figure.
Assuming that the current turnover and profits of both the units are comparable, compare the relative benefits and limitations of Materials Requirement Planning (MRP) for these two businesses.
It is July 2007. the contracting officer at fort Mason is about to be award a contract for a computer system which Post engineer will sue to track work orders also inventory illustrate what should be advices.
Cicleta manufacturing has four activities: receiving materials, assembly, expediting products, and storing goods. receiving and assembly are necessary activities; expediting and storing goods are unnecessary.
The annual demand for a product has been projected at 2,000 units. This demand is assumed to be constant throughout the year. The ordering cost is $20 per order, and the holding cost is 20 percent of the purchase cost.
Gerard, an events promoter and coordinator, promises to stage a concert for the benefit of Kids Care, a charitable organization dedicated to helping disadvantaged youth.
Discuss how the consequences of these obligations might influence a company considering capitalizing itself by issuing equity
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