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Batch size of one
Set up time is the amount of time needed to adjust tools and to retool for various product. Long set ups a change over time make the production of batches with a small no. of units too expensive.
However, the creation of large batches leads to substantial lead time delays and the creation of high inventory levels. The JIT philosophy is to decrease and ultimately eliminate set-up times. E.g. by investing in advanced manufacturing technology some machines setting can be adjusted automatically instead of manually.
Alternatively some set up times can be eliminated entirely by reducing products, so that markets do not have to be reset each time a different product has to be made.
If the set up times are approaching zero, then there’s no advantage production in batches and therefore the optimal batch size can be one. With a batch size of one, the work can flow smoothly to the next stage without the need for and to schedule the next machine to accept this item.
Dynamic programming It is an extension which finds solutions to problems involving a number of decisions which have to be made sequentially. For example, the amount of a produc
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Winner says, "It is clear that in decades to come a great many things like telephone answer machines and automatic bank tellers will become, in effect, members of our society." Mor
2x2+8x-m3 = 0
Bulk Agency Factoring : In this category factoring is essentially used as a method of financing book debts. In this sort of factoring the client continues to administer credit a
why the activity costing have most comparative bid?
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During 2010, Jackson Company estimated that its manufacturing employees would work 80,000 direct labor hours. During the year the company actually worked 75,000 direct labor hours.
case study on payroll system
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