A facility is trying to set up an assembly line, and has identified the various tasks, and their relationship to each other, as shown in the following table. Managers wish to produce 600 units per day, working two 8-hour shifts.
(a) Draw a network diagram of precedence relationships.
(b) Compute the required cycle time per unit in seconds.
(c) Compute the minimum number of workstations required to produce 600 units per day.
(d) Balance this line using the longest processing time heuristic.
(e) What is the efficiency of the line obtained in part (d)?
Definitions:
Flat Price
The price of a bond without the inclusion of accrued interest, representing only its face value.
Invoice Price
The original price listed by the manufacturer or supplier to the retailer before any deductions or discounts.
Annual Coupon
The annual interest payment paid to bondholders, usually expressed as a percentage of the bond's face value.
Yield to Maturity
The total return anticipated on a bond if the bond is held until its maturity date, taking into account both interest payments and capital gain.
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