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An assembly line is assigned as follows. Station 1- task A and B. Station 2- task C and D. Station 3- task E and F. The task times are 2, 8, 2, 9, 5, and 4 minutes respective to A, B, C, D, E, and F. (Assume that there is no precedence relationship between the tasks, i.e., they can be performed in any order.)
(a) Calculate the efficiency.
(b) What would the assignment of tasks to stations be using the shortest processing time heuristic (assuming the current maximum station time remains the cycle time)?
Monopoly Pricing
The pricing strategies employed by a monopoly, characterized by the ability to set prices higher due to lack of competition.
Colluding
Coordinating actions or decisions secretly, especially between competitors in order to cheat or deceive others.
Industry
A category of business activity that produces goods or provides services, categorized by their focus and processes.
Marginal Cost Curve
A graphical representation showing how the cost of producing one more unit of a good affects the overall cost of production.
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