Analyzing Casino-Money Handling Process

increase, throughput increases exponentially thereby creating an inefficient operation and limiting profitability. Based upon this evaluation, Team A decided that it was prudent to purchase another tuning machine for Station 3 as soon as the cash balance reached $175,440 ($100,000 machine cost, $74,440 raw material cost, $1,000 order cost). Due to Station 1 often hitting 100% utilization, Team A decided to evaluate the need to purchase another board stuffing machine in the future.

Keep using the old machine incurs higher cost(higher EAA) than replacing it with the new one. Therefore assuming sales are equal for both cases, when sales is smaller than 328338.07 and greater than 434036.67, Fonderia di Torino S.p.A should definitely replace the old machine with the new automated machine.

These processes are not performed in isolation. The end result relies heavily on the satisfactory completion of all processes and the communication of all functional areas involved. By viewing these processes as a whole, management can identify process inefficiencies. These inefficiencies may include delays or queuing at process bottlenecks, lack of control or checking, or places responsibility for process activities is not clear.

According to our analysis, So , c) is a betterthe optimal choice whichchoice, which confirmed our aggressive machine buying strategy since Day 135. And on Day 149, and Day 170, we immediately bought machine for station 2 and 1 again when the stationsit becomes bottle neck or when lead time is more than 0.28 which caused revenue decreased to $1,200.

Now we can apply Little’s Law to calculate the throughput time which is equal to the manufacturing lead time in this case.

Technological- Modern manufacturing techniques like robotic equipment can prove to be much more efficient than traditional methods. However it is expensive at $250,000.

“Companies can choose to use the accounting job order costing method when they have a single product line or numerous products to manufacture. However, it is less costly and less time-consuming if they elect to use process costing when calculating the manufacturing of a single product line. With similarities

Obviously such action is considered to be illegal, and is a big NO-NO in the eyes of the law. And it was even a bigger NO-NO back then, when most casinos were run by

After running a process flow [see Exhibit 2], it becomes apparent that a main bottleneck exists at the

[Attention Getter]: Having money without having to work really hard to get more than you really have. That would be nice!

Using Little’s Formula we have done Lead Time Analysis (Exhibit 4) which shows that on an average Lead Time is approximately 2 days (2.10). As we have seen, throughput on the other hand is approximately 6 days which is much higher than the average Lead Time. This suggests that the longer throughput time is because of allocation problems described

The fabrication of a mold takes two to four weeks, depending on the amount of work the machinist already has scheduled, even though the fabrication process itself takes only three to five days. There are 13 master machinists in the company, and it is always the same machinist who was assigned to the design team. This means an unequal amount of work is distributed among the machinists. The estimated time for this step can be further shortened if the use of resources can be managed effectively.

In the circumstances of Auditing Alchemy, the narrative stated that the organization has not performed a physical count of inventory in quite sometime; with management having uneasy feelings about organizational profitability and performance, a physical inventory count may provide additional insight into any potential inventory issues.

| Considering the turret press was old and broke down often, this causes a delay in customer lead time and unnecessary costs because parts are expensive and hard to find.