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1) Jimmy runs a business in his basement that spin aligns and marks golf balls with logos for tournaments. The automated machine goes through three serial steps; the first step takes 15 seconds, the second takes 20 seconds while the third takes 30 seconds. Once it is running there are three balls in the system at once flowing down the serial line. He runs the machine at night (20 hours/week) after doing his regular job as a postal worker.The capacity per hour of his machine is 120 balls/hr.
a)Last night he was able to run 327 balls in 4 hours. What was his efficiency?
b) If he produced 875 balls last week what was his utilization?
2) The standard time at Lensco Inc for grinding a set of prescription lenses is 18 minutes. If the typical efficiency for their operations is 80%, and typical machine reliability is 87% how many machines are required to meet the forecast of 17,247 lens sets for 2007? (They currently work 7.2 hour/shift, 6 shifts per week, 50 weeks per year)
S = 18
E=80%
R= 87%
Forecast of 17,247
F = S Q / E H R
3)What activities would be included in the value added time of fast food hamburger preparation and delivery? Why are these part of the Value Added Time?
What is modern management theory because are we not just working from the Scientific Management Theories of the 40s and 50? so what is more modern?
Problem 3-5 A cosmetics manufacturer's marketing department has developed a linear trend equation that can be used to predict annual sales of its popular Hand & Foot Cream. Ft = 80
managerial decision modeling with spreadsheets 2nd Canadian edition end of chapter 12 solution
Given the series of demand data below Period: 1 2 3 4 5 6 7 8 9 10 Demand: 43 31 52 44 23 48 40 39 30 40 Calculated forecasts for periods 7 through 11 using moving average
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A manager nodding to express to a subordinate who is making a useful comment during a staff meeting is a example of/1.equity exchange/2.postive reinforcement/3 executive conditioni
"Project Selection" •For the purpose of completing the requirements of this course, select an actual business or personal project that assumes duration of 15 months and a functiona
George Johnson recently inherited a large sum of money; he wants to use a portion of this money to set up a trust fund for his two children. The trust fund has two investment optio
Describe the U.S. role in the world economy
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