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The AB Company has a single “turret lathe” as a key work center on its factory floor. Jobs arrive randomly at this work center at a mean rate of two per day. The processing time to perform each job has an exponential distribution with a mean of 0.25 day if there is a single job. If there is a waiting job, the manager changes the lathes setting to increase the performance so that the average time to process a job has an exponential dist with mean of 1/5 day.(Note that the setting can be changed in between processes, so if a job is started being processed the manager has to wait for the machine to finish processing the job) Because the jobs are bulk, those not being worked on are currently being stores in a room some distance from the machine. However, to save time in fetching the jobs, the production management is proposing to add enough in-process storage space next to the turret lathe to accommodate three jobs, in addition the one being processed. ) Excess jobs will continue to be stored temporarily in the distant room.) Under this proposal, explain what proportion of the time will this storage space next the turret lath is adequate to accommodate all waiting jobs?
Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..
Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..
Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..
An analysis of the holding costs, including the appropriate annual holding cost rate.
Briefly explain Evolution and contributor of Operations management.
A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..
Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.
Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.
Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.
Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.
Ccompare the effectiveness of different leadership styles in different organizations
Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.
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