OPERATIONS MANAGEMENT (LL)-W/ACCESS
17th Edition
ISBN: 9781260037821
Author: CACHON
Publisher: MCG
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Textbook Question
Chapter 4, Problem 6CQ
Which of the following statements about takt time and cycle time is true?
- a. Takt time only depends on demand, not capacity. Cycle time does depend on capacity.
- b. Takt time only depends on capacity, not demand. Cycle time depends on demand.
- c. Takt time and cycle time only depend on capacity.
- d. Takt time and cycle time only depend on demand.
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Which of the following statements about takt time and cycle time is true?a. Takt time only depends on demand, not capacity. Cycle time does depend on capacity.b. Takt time only depends on capacity, not demand. Cycle time depends on demand.c. Takt time and cycle time only depend on capacity.d. Takt time and cycle time only depend on demand.
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Some of your constraints have slack. What does that mean?
Select one:
A. Slack indicates how much one additional unit of the resource is worth.
B. If more of the resource were available, then profit could increase.
C. There is more of the resource than is needed for the best solution.
D. Slack indicates the total number of hours.
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.
Chapter 4 Solutions
OPERATIONS MANAGEMENT (LL)-W/ACCESS
Ch. 4 - Prob. 1CQCh. 4 - Prob. 2CQCh. 4 - Prob. 3CQCh. 4 - Prob. 4CQCh. 4 - Prob. 5CQCh. 4 - Which of the following statements about takt time...Ch. 4 - Prob. 7CQCh. 4 - Prob. 8CQCh. 4 - How does the target manpower change as the demand...Ch. 4 - What happens to the target manpower if the labor...
Ch. 4 - Which of the following actions does not relate to...Ch. 4 - Prob. 12CQCh. 4 - Prob. 13CQCh. 4 - Prob. 14CQCh. 4 - Specialization typically leads to a higher average...Ch. 4 - Prob. 16CQCh. 4 - Prob. 17CQCh. 4 - Prob. 18CQCh. 4 - Prob. 1PACh. 4 - Prob. 2PACh. 4 - Prob. 3PACh. 4 - Prob. 4PACh. 4 - Prob. 5PACh. 4 - Prob. 6PACh. 4 - Prob. 1C
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