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a. You are chartered to set a time standard for a worker assembling 96 piece jigsaw puzzles. The following times have been collected from five different operators with one observation per operator. The times and ratings for the job are
Operator Time (in minutes) Rating1 9 120 2 11.1 100 3 12 95 4 10.9 100 5 12.3 85
What is the normal time for this job? What is the standard time for this job with the assumption of a 20% allowance for personal, fatigue and delay? What are the value judgments you must make for the standard to be useful and implementable?
Now let's continue our discussion about the financial aspects of owning your own business that are part of TCO #7 by considering the idea of "ratio analysis" (Hatten, 2009, p. 215)
What is the best alernative course of action?
A company has a new design for their product in next year that can reduce their material cost of producing units from $8.14 to $7.32. The company passes on half of all cost savings
The Norwitch Company uses a continuous review (s, Q) system for inventory control. Weekly demand for an item, Pressure Valve #5 (PV5), is distributed Normally with a mean and stan
Know discuss what business you selected and the best possible method for determining the value of the business you selected. Explain your rationale
Ask question #Minimum 100 wo.evolution of manufacturing to operation managmentrds accepted#
Read the required article "Perfecting Project Management" by Drew Robb. List three ways a project manager could use the data described in the article to keep the project on track a
Consider the following parlor game to be played between two players. Each player begins with three chips: one red, one white, and one blue. Each chip can be used only once. To beg
1. The investment a company makes in training employees to perform their duties and redesigning products and processes to improve them would be categorized as prevention costs. 2.
Was there some other way to estimate the cost of equity as a check on the CAPM calculation?
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