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1. You are the manager of a widget factory. Production of a widget is currently a two-stage process. The first stage (cutting and planning) takes 3 minutes per unit of input. The output of the first stage is then finished in the second stage that takes 4 minutes. Assume demand is very high, and all of production can be sold at a mark-up (over costs) of N3.00 per unit. Sam the supervisor is considering an upgrade to an NC (numerical control) machine that can flexibly do all these tasks (cutting, planning and finishing); moreover, this machine will take just 5 minutes to produce one unit of a widget. As a result of the upgrade, what will happen to the flow time per widget?
Discuss the principal reasons why project management has become such a popular business tool in recent years.
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A trust officer at the Blacksburg National Bank needs to determine how to invest $100,000 in the following collection of bonds to maximize the annual return. Bond Annual rate in Maturity risk Tax-free A 9.5% Long High Yes B 8.0% Short Low Yes C 9.0% ..
A manager states that his process is really working well. Out of 1,500 parts, 1,477 were produced free of particular defect and passed inspection. a)Calculate the defects per million opportunities (DPOM). b)Calculate the defective rate.
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hello i3939m wondering if the following two problems can be answered correctly and returned by
In the month of July, the company operated the production line for a total of 175 hours and produced 16,900 units of output. What was it's capacity utilization rate for the month?
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