Discuss the relationship between setup time and utilization
What will be an ideal response?
Setup time is the time required to adjust a process when switching from making one product to another and is unproductive time in the sense that no product is being built during the setup. Utilization is the ratio of the average output rate to the maximum capacity. As output rate increases, the resource is more productive and utilization rises. Setups enable output but do not create it, so the faster a setup can be performed, the more of the total time is productive, thus increasing utilization.
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a. Fourth b. Fifth c. First d. Fourteenth
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A) Public warehouses B) Store stockrooms C) Relay warehouses D) Private warehouses E) Storage warehouses
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A. market rate of interest was lower than the stated rate of interest. B. market rate of interest was equal to the stated rate of interest. C. bonds carried a variable or floating rate that changed in response to market conditions. D. market rate of interest was higher than the stated interest rate.