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A furnace used in the heat treat operation of cast iron railroad car couplers can hold up to 20 parts. The operation takes an average of 4 hours to process a batch of parts with a standard deviation of 2 hours. The planning department estimates the current demand at 72 parts/day (24-hour day). The parts arrive to the furnace one at a time according to a Poisson stream (i.e., exponential interarrival times).
a) What is the maximum capacity (parts per day) of the heat treat operation?
b) What would be the average cycle time through the operation if we were to use the maximum batch size?
c) What is the minimum batch size that will meet the demand?
d) What would be the average cycle time through the operation if we were to use the minimum feasible batch size?
Use the 2012 income statement and balance sheet to complete a Strategic Profit Model for Jones Company.
Several options exist that a project manager can use in generating and reviewing of specifications and requirements.
What can or should be done to provide the supplying division an incentive to reduce manufacturing costs when the transfer price is cost-based?
For example, the operators newer are physically present with the customer, and so they would get a score of 1 for physical presence.
Research how logistics is an important part of supply chain management. Based on your research, is supply chain management a part of logistics or is logistics a part of supply chain management? Defend your position with facts from your research.
Determine the optimal order size, total inventory cost, length of time to receive an order, and maximum inventory level.
how tools may be used in productivity improvement initiatives -How should you proceed to minimize the number of testing required?
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Debate to support the public procurement legislation that prohibits post-tender price negotiation for the NHS should not be relaxed.
Example of a real company or industry that uses this logistics technique - Distribution center and Public warehouse, Third-party logistics
Prepare a worksheet and a graph that will indicate, for a range of order amounts, the total cost of concrete ordered from each of the four suppliers.
Compare the supply chain practices of two or more different companies in the same industry or similar industries.Should one firm adopt another's superior practices, or are their situations sufficiently different that each is already optimised?Why?
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