A Company Is Trying to Balance Production Between 3 Workstations

question 253

Essay

A company is trying to balance production between 3 workstations on an assembly line. Currently there are 5 tasks that need to be performed. These tasks, ABCDE, have required times of 2 minutes, 4 minutes, 1 minutes, 3 minutes, and 10 minutes, respectively. The assembly line needs to produce 40 units per day to meet demand and can work for up to 8 hours each day.
(a) What is the required cycle time?
(b) What is the theoretical minimum # of workstations?
(c) Assign the tasks according to the shortest task time heuristic.

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Definitions:

Declaration Date

Date on which the board of directors passes a resolution to pay a dividend.

Dividend

A portion of a company's earnings that is paid to shareholders, usually on a regular basis.

Corporate Dividend Payout

The part of a company's profits paid out to shareholders as dividends.

Reinvesting Dividends

The process of using dividend payments to purchase more shares of the same stock.