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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?
Self-Interest
The personal interest or advantage that individuals seek to maximize their own welfare or benefit.
Public Good
A product or service that is available for all people to consume, regardless of who pays for it, and where one person's consumption does not reduce availability to others.
Adam Smith
A Scottish economist and philosopher, best known for his book "The Wealth of Nations," in which he laid the foundations of classical free market economic theory.
Karl Marx
A 19th-century philosopher, economist, and political theorist best known for his theories about capitalism and communism.
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