Assembly Line Balancing Has Just Been Used to Solve a Product

question 56

Essay

Assembly line balancing has just been used to solve a product layout problem. Two solutions look especially attractive to the plant managers. Both solutions make the same output per day, and both have the same number of workstations. The managers were going to break the tie by looking at line efficiency, but discovered that both lines had the same efficiency as well. Should they have been surprised at this? Explain.

Comprehend the concept of supply chain surplus and customer value.

Analyze the role of various parties in managing and optimizing supply chain operations.

Understand the significance of supply chain design, planning, and operation phases.

Differentiate between push and pull processes in a supply chain.

---

Definitions:

NPV

Net Present Value, a calculation used to assess the profitability of an investment, representing the difference between the present value of cash inflows and outflows over a period of time.

Market Size

An estimation of the total volume of goods or services that is available for purchase within a specific market.

Crystal Ball

A software package used for risk analysis and simulation in Microsoft Excel.

Extract Data

The process of retrieving data from a database, document, or file for further use or analysis.