Answered: Wolk Corporation is a highly automated…

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

Chapter6: Statistical Inference

Section: Chapter Questions

Problem 26P: Because of high production-changeover time and costs, a director of manufacturing must convince...

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Wolk Corporation is a highly automated manufacturing firm. The vice president of finance has decided that traditional standards are inappropriate for performance measures in an automated environment. Labor for this company is insignificant in terms of the total cost of production and tends to be fixed, material quality is considered more important than minimizing material cost, and customer satisfaction is the number one priority. As a result, delivery performance measures have been chosen to evaluate performance. The following information is considered typical of the time involved to complete customer orders.


From time order is placed to time order received by manufacturing	18.0	days
From time order is received by manufacturing to time production begins	9.0	days
Inspection time	3.5	days
Process (manufacturing) time	7.0	days
Move time	4.5	days

What is the production (manufacturing) lead time for this order?

Multiple Choice

34 days.
16 days.
15 days.
27 days.
35 days.

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