25 Pinkton Corporation keeps careful track of the time required to fill orders. The times recorded for a particular order appear below:HoursMove time5.3Wait time32.5Queue time3.3Process time0.8Inspection time0.3The delivery cycle time was: (Round your intermediate calculations to 1 decimal place.)Multiple Choice53 hours8.6 hours41.1 hours422 hours

Throughput time = Process time + Inspection time + Move time + Queue time = 0.8 + 0.3 + 5.3 + 3.3 =…

Business

Accounting

25

Essentials of Business Analytics (MindTap Course List)

2nd Edition

ISBN:9781305627734

Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Chapter3: Data Visualization

Section: Chapter Questions

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Concept explainers

Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.

Question

Pinkton Corporation keeps careful track of the time required to fill orders. The times recorded for a particular order appear below:
Hours
Move time
5.3
Wait time
32.5
Queue time
3.3
Process time
0.8
Inspection time
0.3
The delivery cycle time was: (Round your intermediate calculations to 1 decimal place.)
Multiple Choice
53 hours
8.6 hours
41.1 hours
422 hours

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