Compute bill brays piece rate for product

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Reference no: EM13234385

Question 1

The following matrix shows the costs in thousands of dollars for assigning Individuals A,B, C and D to Jobs 1, 2, 3 and 4.

 

 

 

 

 

 

 

 

Jobs

 

INDIVIDUALS

I

2

3

4

A

7

9

3

5

B

3

11

7

6

C

4

5

6

2

D

5

9

10

12

a) Determine the final assignments that will minimize total cost, using the "hungarian LP method"

b) Write an LP formulation of the problem

Question 2

a) Give three (3) examples, with brief explanations, of information technology successfully applied to new products and processes in the SERVICE industry.

b) Give three (3) characteristics of robots and provide three (3) conditions in manufacturing best suited to the application of robotics.

Question 3

a) Differentiate between 'work sampling' and 'time study'.

b) Explain briefly what is "elemental time study data"

c) Bill Bray, an employee of Yelco Manufacturing's machining department, operates a lathe. Yelco has Stalled a straight piece-rate incentive pay system for its employees. A two-week pay period has just ended and Bray is estimating his pay for the period from this information:

Total production                          = 1,200 units

Labour standard per unit                = 4,500 minutes

Hourly base pay             = $7.501 per hour

( i ) Compute Bill Bray's piece rate for this product on the lathe.

(ii) Compute his pay for the period.

Reference no: EM13234385

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