A Firm Is Planning to Set Up an Assembly Line

question 112

Essay

A firm is planning to set up an assembly line to assemble 40 units per hour,and 57 minutes per hour are productive.The time to perform each task and the tasks that precede each task are contained in the following table.
(a)Draw a network diagram of precedence relationships.
(b)Compute the required cycle time per unit in minutes.
(c)Compute the theoretical minimum number of workstations required to produce 40 units per hour.
(d)Balance this line using the longest processing time heuristic.
(e)What is the efficiency of the line obtained in part d?

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Definitions:

Intertemporal Price Discrimination

A pricing strategy where prices are varied over time for the same product to exploit differences in willingness to pay.

Second-Degree Price Discrimination

A pricing strategy where prices vary according to the quantity consumed or the version of the product, without personal characteristics of the buyer influencing the price.

First-Degree Price Discrimination

A pricing strategy where a seller charges each buyer their maximum willingness to pay, capturing all consumer surplus.

Peak-Load Pricing

A pricing strategy used to regulate demand by charging higher prices during peak times and lower prices during off-peak times.