ase manufacturing cycle efficiency is to: None of the above Decrease production time Decrease move time Decrease wait time The outcome of resource utilization divide
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Choose the correct answer:
Customer satisfaction is one of the factors considered in balanced scorecard, one way to increase this is to decrease the delivery cycle time in order that customers may receive their orders as fast as possible, one way to decrease this and increase manufacturing cycle efficiency is to:
None of the above
Decrease production time
Decrease move time
Decrease wait time
The outcome of resource utilization divided by the amount of resources use is called
Financial Ratio
Manufacturing Effectiveness
Productivity ratio
Manufacturing Cycle Efficiency
Step by step
Solved in 2 steps
- Choose the correct answer: Customer satisfaction is one of the factors considered in balanced scorecard, one way to increase this is to decrease the delivery cycle time in order that customers may receive their orders as fast as possible, one way to decrease this and increase manufacturing cycle efficiency is to: None of the aboveDecrease production timeDecrease move timeDecrease wait timeThere are several types of linear-programming models that exhibit a special structure which can be exploited in the construction of efficient algorithms for solutions to an organisation’s challenges Efficient production planning is a key condition for a production system’s success, which considers the real-world resource limitations such as budget, time and labour. A study is being conducted to develop linear and goal programming models in an attempt to optimise the daily production outputs of your organisation in producing various product mixes. The two goals considered are: Minimising overtime, and maximising the utility of machines used in the production process. please answer the two bolded onesThere are several types of linear-programming models that exhibit a special structure which can be exploited in the construction of efficient algorithms for solutions to an organisation’s challenges. Efficient production planning is a key condition for a production system’s success, which considers the real-world resource limitations such as budget, time and labour. A study is being conducted to develop linear and goal programming models in an attempt to optimise the daily production outputs of your organisation in producing various product mixes. The three goals considered are: maximising the daily sales profits, minimising overtime, and maximising the utility of machines used in the production process. REQUIRED: You are required to develop an efficient solution through the application of linear and goal programming, to a concisely defined problem through examining a situation in a company of your choice to determine the optimal solution to be implemented. Generate a title of your…
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- WAI knows from historical records that approximately 40percent of its labor is used in Department 101 and 60 percentis used in Department 102. Th e reverse is true of machine time;60 percent is used in Department 101 and 40 percent is used inDepartment 102.(a) Calculate the labor and machine hours needed inDepartment 101 for each period of the MPS developed inProblem 4.(b) Calculate the labor and machine hours needed inDepartment 102 for each period of the MPS developed inProblem 4.If required, round your answers to the nearest whole number. Optimal Solution Units Cost 1-A fill in the blank 34 $ fill in the blank 35 1-B fill in the blank 36 $ fill in the blank 37 1-C fill in the blank 38 $ fill in the blank 39 2-A fill in the blank 40 $ fill in the blank 41 2-B fill in the blank 42 $ fill in the blank 43 2-C fill in the blank 44 $ fill in the blank 45 3-A fill in the blank 46 $ fill in the blank 47 3-B fill in the blank 48 $ fill in the blank 49 3-C fill in the blank 50 $ fill in the blank 51 Total $ fill in the blank 52A company produces motor cycle seats. The company has two production lines. The production rate for line one is 50 seats per hour and for line two it is 60 seats per hour. The company has entered into a contract to supply1200 seats daily to another company. Currently, the normal operation period for each line is 8 hours. The production manager 4 | P a g eof the company is trying to determine the best daily operation hours for the two lines. He sets the priorities to achieve his goals as given below:- P1: produce and deliver 1200 seats daily- P2: limit the daily overtime operation hours of line one to 3 hours- P3: Limit the daily overtime operation hours of line two to 4 hours Formulate the problem as a GP model and then solve it by using graphical method
- Mukukulu Co uses a variance analysis system to monitor its performance. In a certain month the following data applies: – 1·4 tonnes of Raw material are needed at a cost of K60 per tonne – It takes 2 labour hours of work to produce 1 tonne of finished product and labour is normally paid K18 per hour. Idle time is expected to be 10% of hours paid; this is not reflected in the rate of K18 above. – 2 hours of variable overhead at a cost of K30 per hour – The standard selling price is K240 per tonne Budget information for the month is – Fixed costs were budgeted at K210,000 for the month – Budgeted production and sales were 8,400 tonnes The actual results for the month were as follows: Actual production and sales were 8,000 tonnes – 12,000 tonnes of raw material were bought and used, costing K660,000 – 15,800 labour hours were paid for, costing K303,360 – 15,000 labour hours were worked – Variable production overhead cost K480,000 – Fixed costs were K200,000 – Sales revenue achieved was…1. Rapid-Lube provides oil changes and lubes. The estimated number of oil changes for April and May are 3,600 and 4,000. Each oil change takes 12 minutes of direct labor. The wage rate is $10 per hour. Overhead is $3,700 per month and $2 per oil change. Budgeted overhead for May is $__________________. Budgeted overhead for April is $__________________. Budgeted direct labor for May is $__________________. Budgeted direct labor for April is $__________________. 2. You have decided to throw a party next weekend for 20 friends. The friends are going to bring health food, so all you have to have available are the drinks. You estimate that, on average, each person will drink four bottles of soft drinks. Three of your friends will drink only natural soda without unneeded color so Sulo Ginger Ale should work well for them. For the others, you decide to buy Sulo Cola. Before going online, you check the refrigerator you already have six bottles of Sulo Ginger Ale and 14 of Sulo Cola.…A company makes four products that have the following characteristics: Product A sells for $75 but needs $40 of materials to produce; Product B sells for $90 but needs $65 of materials to produce; Product C sells for $110 but needs $80 of materials to produce; Product D sells for $135 but needs $105 of materials to produce. The processing requirements for each product on each of the four machines are shown in the table. Work centers W, X, Y, and Z are available for 5 days per week, 1 shift per day (8 hrs.) and have no setup time when switching between products. Market demand is 50 As, 60 Bs, 70 Cs, and 80 Ds per week. In the questions that follow, the traditional method refers to maximizing the contribution margin per unit for each product, and the bottleneck method refers to maximizing the contribution margin per minute at the bottleneck for each product. Each worker is paid $15 per hour and is paid for an entire week, regardless of how much the worker is used. Answer the following…