An assembly line to be balanced has six tasks in precedence. The task times are shown in the following table. Based on demand forecasts, the output rate has to be 160 units per day. The line operates 8 hours a day. Compute the balance efficiency E.
a. 93%
b. 87%
c. 80%
d. 100%
a. 93%
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The choice of a manufacturing method such as MTS, MTO, ATO, and ETO depends on ______.
A. government regulations on production B. demand variability C. the General Agreement on Trade and Tariffs D. ISO standards
A decision maker using the maximax criterion on the problem below would choose Alternative ________ because the maximum of the row maximums is ________
States of Nature 1 2 3 Alternative A 50 55 60 Alternative B 30 50 80 Alternative C 70 80 70 Alternative D -100 -10 140 A) A; 60 B) B; 80 C) C; 70 D) D; -100 E) D; 140
In the context of financial securities,certificates of deposit:
A. are considered to be among the safest investment options because of their predictable rate of return. B. are similar to savings accounts as both are issued for a variable term that can range from six months to ten years. C. offer higher returns than most other types of investments. D. can be cashed in before they mature without incurring any penalty.
After deciding to order replacement parts for aging machinery, the buyer for a construction company examines catalogs and trade publications looking for these parts. The buyer is at which stage in the business buying decision process?
A. Problem recognition B. Product specification C. Product-supplier search and evaluation D. Product-supplier selection E. Product-supplier post-evaluation