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What is Line Balancing? Explain briefly.
Line Balancing:
It means balancing the line among the product lines or assembly lines. This aims at grouping facilities and workers within an efficient pattern to acquire optimum or most promising balance of the ability and flow of the assembly or production processes. Tasks are grouped therefore their total time is preferably equivalent to or a small lesser than the time accessible to each work station, hence reducing the idle time.
Each work station must have similar operating time and the different operations must be sequenced correctly. There must be perfect balance among the output rates of the parts and the sub assemblies. Conversely, it is not all the time possible that the parts reach within a steady stream instantly before sub-assembly. It may be due to the limitation as regards materials, men and equipments or this may be economical to supply and manufacture parts into batches. The section of flow control has to cope along with such situations and therefore, carry big inventories and also arrange facilities for storage.
Line balancing problems can be solved through heuristics approaches, linear programming, and dynamic programming and by using computer process.
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It allocates costs based on the price elasticity of demand. Yet higher the elasticity (elastic), the lower the charge of fixed costs when allocated amongst products.
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