2022-10-08-Final-Exam-EDM

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University of Cincinnati, Main Campus *

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7011

Subject

Industrial Engineering

Date

Dec 6, 2023

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xlsx

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22

Uploaded by mille2eo

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Question Set I II III IV V VI Attempted 10 20 20 25 25 Max Points 55 20 20 25 25 25
Total 100 170
For this question, I will be giving two examples of operations decisions or actions taken by G During my undergrad, I was exposed to a Six Sigma course where we learned about GE's imp Sigma principles and the benefits of them. By identifying problems such as defects and was the company back, GE was able to utilize Six Sigma to streamline the organization, make it m productive, eliminate waste, and increase customer satisfaction. Training was incredibly im thateveryone understood the benefits of data-driven decision making and the principles wo forseeable future. One more example of GE's actions to improve their operations mangement is operations pe management (OPM). OPM helps improve performance of plants by analyzing multitudes of to help drive decision-making when it comes to intraday and day ahead planning. They also offer operations management leadership programs to help early career leaders ga in supply chain and leadership principles.
General Electric (GE). plementation of Six ste that were holding more efficient, mportant here so ould be used for the erformance f different types of data ain valuable experience
Product Name Price ($/unit) Unit Cost P $ 600.00 $ 50.00 4 $ 130.00 Q $ 600.00 $ 100.00 4 $ 180.00 Work Station (hours) 1 2 3 Profit Product P 2 2 $ 420.00 Product Q 2.5 1.5 $ 320.00 Cost of Labor/hr $ 20.00 **fixed and included in unit cost Days /month 21 Hours per day 16 Hours / month 336 Expenses $ 100,000.00 Work Station (hours) to Max Demand 1 2 3 **Workstation 280 350 490 **Workstation Priority Unit Profit Product P $ 420.00 120 3.50 2 Product Q $ 320.00 90 3.56 1 answer Raw Material Cost ($/unit) Total Labor Hours/unit Work Station 3 (mins) Bottleneck Ratio ($/min) Bottleneck Method
Time (minutes) Product Q 90 124 11160 124 Minutes remaining on Work Station 3 9000 Product P 120 75 9000 75 Minutes remaining on Work Station 3 0 Work Station 2 (minutes) Demand (units/month) Production Plan
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