Use Johnson's rule to determine the optimal sequencing for the five jobs to be processed on two machines in a fixed order (Machine 1 before Machine 2).The processing times are given in the table below.
a.What is the optimal sequence?
b.What is the total flow time for this sequence?
Definitions:
Usury Law
Legislation that sets the maximum interest rate that can be charged on loans, to prevent lenders from imposing excessively high rates.
Market Rate
The prevailing interest rate available in the market for loans or the rate at which other financial instruments are priced, often influenced by the supply and demand for money.
Shortage
A situation where the demand for a product or service exceeds the available supply.
Loanable Funds
The funds available for borrowing in the financial markets, consisting of savings and monies not yet invested, influencing interest rates and investment through supply and demand.
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