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Using Pareto analysis, categorize the products into Classes A, B, C, based on usage value. Would this approach be useful for categorizing and controlling stock levels of all the pr
The Ohio-based company is covered by the NLRA. The CEO has heard rumblings that the employees may not be satisfied and are looking for representation. The CEO asked you, "If a unio
Find the future values of the following ordinary annuities: a. FV of $800 paid each 6 months for 5 years at a nominal rate of 5%, compounded semi-annually. Round your answer to
If Bill decides to enter the world of ecommerce, which of the ecommerce models (business-to-business, customer-to-business, business-to-customer, or customer-to-customer) would you
Company must decide how many lots of chocolate muffin premix to order for its three stores. Information on pricing, sales, and inventory costs has led to the following payoff table
What is queuing theory in operation management? Queuing theory is usually seems a branch of operations management since the results can be used to plan for resources require
Section 5 Assignment 1. Describe an approach to a business diversity program that would be pragmatic and ethical. 2. What are three possible explanations for the hesitancy to discu
(CPG Bagels) CPG Bagels starts the day with a large production run of bagels. Throughout the morning, additional bagels are produced as needed. The last bake is completed at 3 p
Part 1: A company is using the Economic Order Quantity (EOQ) model to manage its inventories. Suppose its inventory holding cost per unit per year doubles while the annual deman
A star product is one that A) in the growth stage but has a low market share B) Has negative to low earning characteristics C) Continues to increase market share even at t
Assembly Line BalancingLine Balancing and Work Cell Balancing is an efficient tool to increase the output of the Assembly line and Work Cell line to reduce manpower and cost. Assembly Line balancing is nothing though 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 was first introduced the Assembly Line Balancing and in early times it was simple line balancing (LB) that has optimized the industrial significance, the effective difference between the optimal and sub-optimal operation can afford savings that will be million dollars every year.Singe-Model Assembly Line: in early times assembly lines were utilized in high level production of a single product. But now the products will draw customers with no any difference and allows the profitable use of Assembly Lines. An advanced technology of production which enables the automated setup of operations and it is negotiated time and money. One time the product is assembled in the same line and it won’t variant the setup or significant setup and it’s time that is utilized, this assembly system is called as Single Model Line.LB: it is a Classical Operation Research (OR) which optimizes the problem, and it has been handled by OR for many decades. Several algorithms have been proposed to this problem and it contempt the usual importance of the issue and the OR utilizes to handle this. It’s commercial software which is available to optimize the industry and their lines.Assembly Line Balancing is dependent upon 3 models and it is explained that these 3 types of models is related to Assembly Line Balancing and they are Single-Model Assembly lines, mixed models, and multi-model Assembly lines.Multi-Model Assembly Line: in this type of model the uniformity of the assembled products and the production system is not that very much sufficient to accept the enabling of the product and the production levels. To decrease the time and money this assembly is arranged in batches, and this permits the short term lot-sizing issues which made in groups of the models to batches and the result will be on the assembly levels.Mixed Model Assembly Line: in this model the setup time among the models would be decreased sufficiently and enough to be ignored. Thus this internal mixed model determines the assembled on the same line. And the type of assembly line wherein workers work in different models of a product in similar assembly line is called Mixed Assembly Line.
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