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As discussed in the setup reduction section of the chapter, SMED is a powerful process for reducing setup times, often from hours to minutes or minutes to seconds. The following are key SMED principles:
1. Categorize activities in the current setup process as internal or external. Internal activities are performed when the process is stopped. External activities are carried out when the process is still operating (preparing to process batch B when batch A is still being processed; preparing to serve customer B while customer A is still being served).
2. Convert as many activities as possible from internal to external.
3. Reduce the time required for the remaining internal activities. Pit crews in auto racing are often used as an example of fast changeovers. Numerous organizations such as hospitals and railroads have studied NASCAR pit crews in order to better understand how they can apply lean principles to their own operations. Operations that must be performed during a pit stop are changing tires and refueling (using 12-gallon gas cans).
Question a: On the basis of what you know about these operations from your own driving, how can SMED be applied to these activities? What other JIT principles can be applied?
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
Accounting problems, Draw a detailed timeline incorporating the dividends, calculate the exact Payback Period b) the discounted Payback Period. the IRR, the NPV, the Profitability Index.
Term Structure of Interest Rates
Write a report on Internal Controls
Prepare the bank reconciliation for company.
Create a cost-benefit analysis to evaluate the project
Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR
Distinguish between liquidity and profitability.
Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.
Simple Interest, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
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