Reference no: EM131237748
1. Define throughput, inventory, and operational expense.
2. Why is it important that throughput is defined in terms of sales rather than production?
3. What does it mean to have balance a plant?
4. What causes a balanced plant to fail?
5. What is the Theory of Constraints?
6. What characteristics of the hiking troop relate to the production characteristics of throughput, inventory, and operational expense? (2 points)
7. What is Herbie in terms of the Theory of Constraints? (2 points)
8. Considering the Theory of Constraints, what has been done when items are removed from Herbie's pack?
9. What happens in a plant if the fastest operations are put at the beginning of the production process, the slowest operations are put at the end, and all workers produce at a high efficiency?
10. Define a bottleneck.
11. What two things can be done to optimize a bottleneck?
12. What steps can be taken to reduce the lost time on bottlenecks?
13.Define the Twenty-Eighty Rule.
14.What was your biggest lesson learned from reading The Goal?
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What should the initial position be
: If the fund manager buys traded European put options, how much would the insurance cost? - If the fund manager decides to provide insurance by using 9-month index futures, what should the initial position be?
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Find the distance to the galaxy cluster
: A galaxy cluster in Ursa Major has a recessional velocity of 15,000 km/s. Using the best estimate for Hubble constant, find the distance to the galaxy cluster (see the Highlight).
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Real-valued function
: Let X be a set and f : X → R be a real-valued function. Show that the relation givenby x ∼ y if and only if f(x) = f(y) is an equivalence relation on X.Remark: Equivalence classes for this relation are called level sets of f.
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How much would the insurance cost
: Explain carefully alternative strategies open to the fund manager involving traded European call options, and show that they lead to the same result.
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What two things can be done to optimize a bottleneck
: What happens in a plant if the fastest operations are put at the beginning of the production process, the slowest operations are put at the end, and all workers produce at a high efficiency?
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Determine the recessional velocity to this cluster
: How many times brighter is a Cepheid variable of absolute magnitude 3 than a white dwarf of absolute magnitude +7? The Virgo cluster has a distance of 17 Mpc. Using Hubble's Law, determine the recessional velocity to this cluster.
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What preparations should dee lerious have made
: Before Dee conducted this interview/interrogation, what preparations should she have made? Discuss what is probably on Dee's mind with respect to how she will continue working this case.
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What is the parallax of this star
: The red supergiant star in Orion is called Betelgeuse and its distance is 130 pc. What is the parallax of this star? How much brighter is a star of magnitude 0 than a star of magnitude +5?
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Calculate the number of miles in a light-year
: Calculate the number of miles in a light-year, using 1.86 105 mi/s as the speed of light. (Hint: The answer to Exercise 3 will be useful.)
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