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1. What is activity-based costing? 2. What are three of the five purposes of a performance measurement system? 3. What are three of the five benefits listed that the right informat
Select an industry or a company of your choice. Using figure 4.3 on page 110, apply the industry or the company by identifying the segment and key success factors. Justify / explai
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What is economic value?
Assembly Line BalancingLine Balancing and Work Cell Balancing is an effective tool to increase the output of the Assembly line and Work Cell line to reduce manpower and cost. Assembly Line Balancing is nothing but the Simple Line Balancing is the calculation of assigning works to workstation alongside an Assembly Line and that operation will be optima in sense. Henry Ford who introduced the Assembly Line Balancing and in early times it was simple line balancing (LB) which has optimized the industrial importance, the effective difference between the optimal and sub-optimal operation can afford savings which will be million dollars every year.Line Balancing: it is a Classical Operation Research (OR) which optimizes the problem, and it has been handled by OR for many decades. Most of the algorithms have been proposed to this problem and it contempt the usual importance of the issue and the OR use to handle this. It’s commercial software which is available to optimize the industry and their lines.Assembly Line Balancing is dependent on 3 models and it is described that these 3 kinds of models is related to Assembly Line Balancing and they are Single-Model Assembly lines, mixed models, and multi-model Assembly lines.Singe-Model Assembly Line: in early times assembly lines were used in high level production of a single product. But now the products will attract customers without any difference and allows the profitable utilization of Assembly Lines. An advanced technology of production which enables the automated setup of operations and it is negotiated time and money. Once the product is assembled in the same line and it won’t variant the setup or significant setup and it’s time that is used, this assembly system is called as Single Model Line.Mixed Model Assembly Line: in this model the setup time between the models would be decreased sufficiently and enough to be ignored. So this internal mixed model determines the assembled on the same line. And the type of assembly line in which workers work in different models of a product in the same assembly line is called Mixed Assembly Line.Multi-Model Assembly Line: in this model the uniformity of the assembled products and the production system is not that much sufficient to accept the enabling of the product and the production levels. To reduce the time and money this assembly is arranged in batches, and this allows the short term lot-sizing issues which made in groups of the models to batches and the result will be on the assembly levels.
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