Describe how to incorporate fixed costs into a cost-minimizing linear program, where the fixed cost of using a machine is incurred if any products are produced on that machine
What will be an ideal response?
Introduce a binary variable for each machine. In the objective function, for each machine, separately add the fixed cost of the machine times its respective binary variable. Then add a constraint for each machine that has the form: Xi ? KiYi, where Xi is the number of units produced on machine i, Ki is the capacity of machine i, and Yi is the binary variable for machine i.
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The costs of maintaining a global staff in an overseas market is cheaper compared to domestic sales
Indicate whether the statement is true or false
In line balancing, the desired cycle time (C) is given by ______.
A. (daily production time available)/(units to be produced daily) B. (daily production time available)/(number of workstations available) C. (units to be produced daily)/(daily production time available) D. (total time used)/(units to be produced daily)
Where is construct validity often used?
What will be an ideal response?
A __________ sets the limit for the entire synchronous production system's output.
Fill in the blank(s) with the appropriate word(s).