Which one does not necessarily result in cost savings in an industrial facility? Why? a. Energy conservation b. Productivity enhancement c. Equipment change d. Waste minimization
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ENERGY MANAGEMENT
6. Which one does not necessarily result in cost savings in an industrial facility? Why?
a. Energy conservation
b. Productivity enhancement
c. Equipment change
d. Waste minimization
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- 1.Briefly discuss value analysis and how can this concept be expanded. 2.Using a plausible example, explain why, and in what circumstances, workflow toolsare usefulH3. Weber Optical, an eyeglass manufacturer, pays employees an incentive based on the average amount of work completed per processing 20 invoices per hour. An employee who processes 30 invoices would earn $15 per hour. Hence, Weber Optical pa many invoices an employee processes per hour. Which type of incentive pay does this scenario illustrate? O 1. rising differential 2. straight commission plan 3. straight piecework plan 4. standard hour plan Show proper step by step calculationMikey W. Smitty is confident that demand for his “WesternRap” CD will substantially exceed the break-even point computed in Problem 6-3. So, Mikey is contemplating hav-ing his CD cut at a classier (and pricier) studio. The cost to record the CD would rise to $9000. However, since thisnew studio works with very high volume, production costswould fall to $2 per CD.a. What is the breakeven point for this new process?b. Compare this process to the process proposed in theprevious problem. For what volume of demand shouldMikey choose the classier studio?
- 11. Which among the following scenario shows higher productivity when the demand is 100 units? a, A workstation that produces 100 units for a single shift b. A workstation that can produce 105 units with 5% defects c. A workstation that produces 150 units in faster time d. A workstation that produces 110 units where 15 units are safety stocksWhich of the following is not the step most likely to improve productivity, according to the textbook author? A. developing productivity measures for all operations B. eliminating bottlenecks in operations C. establishing reasonable goals for improvement D. considering non-monetary incentives to reward workers E. using the company’s cash to buyback corporate stockWhite Tiger Electronics produces CD players using an automated assembly line process. The standard cost of CD players is $150 per unit (labor, $30; materials, $70; and overhead, $50). The sales price is $300 per unit.a. To achieve a 10 percent multifactor productivity improvement by reducing materials costs only, by what percentage must these costs be reduced? b. To achieve a 10 percent multifactor productivity improvement by reducing labor costs only, by what percentage must these costs be reduced? c. To achieve a 10 percent multifactor productivity improvement by reducing overhead costs only, by what percentage must these costs be reduced?
- Chuck Sox makes wooden boxes in which to shipmotorcycles. Chuck and his three employees invest a total of40 hours per day making the 120 boxes.a) What is their productivity?b) Chuck and his employees have discussed redesigning the process to improve efficiency. If they can increase the rate to 125per day, what will be their new productivity?c) What will be their unit increase in productivity per hour?d) What will be their percentage change in productivity?A.1 TRUE OR FALSE QUESTIONS1. If a company does not achieve its objective, it is effective not efficient. a. a. TRUE b. FALSE2. Two managerial functions identified by the French Industrialist, Henry Fayol in the early 1900s are planning and control.a. a. TRUE b. FALSE3. Hnri Fayol, a French man, was the first to issue a complete statement on a theory of general management?a. a. TRUE b. FALSE4. A Philosophy that sought to increase productivity and make the work easier by scientifically studying work methods and establishing standards was the brain child of Hnri Fayol.a. TRUE b. FALSE5. Elton Mayo is best associated with the Hawthorne studies which were conducted at the Hawthorn plant of Western Electric in Cicero, Illinois?a. TRUE b. FALSE6. By definition, an objective deal with achieving a measurable result with due regard to time.a. TRUEb. FALSE 7.8.9.There are two types of knowledge: implicit knowledge and tactical knowledge. a. TRUE b. FALSE“Satisficing” involves finding a solution…What is the expected production for a plant with a design capacity of 109 chairs per day if its effective capacity is 101 chairs and its efficiency is 66 percent?Select one: a.66.66 b.71.94 c.109.00 d.0.93
- 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.The break-even point is:a) adding processes to meet the point of changing productdemands.b) improving processes to increase throughput.c) the point in dollars or units at which cost equals revenue.d) adding or removing capacity to meet demand.e) the total cost of a process alternative.Consider Bruno who manages an underwriting team in an insurance firm. Recently, the management of Bruno’s firm informed him of their decision to create a new risk assessment team, consisting of data scientists with machine learning expertise, and reduce the size of Bruno’s underwriting team. Bruno’s underwriting team will now work with the new risk assessment team in order to determine whether to provide insurance to applicants. Graphically illustrate the impact of the management’s restructuring decision on the firm’s production function. Your diagram should have the amount of human intelligence on the horizontal axis and the number of decisions on whether to provide insurance on the vertical axis. Fully label your diagram. Note that there are no actual numbers given in this question: you may make them up or simply use appropriate notations. Briefly explain the key information of your diagram.