At Morgan's Transformer Rebuilding, a Set of Five Jobs Is

question 23

Essay

At Morgan's Transformer Rebuilding, a set of five jobs is ready for dispatching to a machine center. The processing times and due dates for the jobs are given in the table below. Use shortest processing time to sequence the jobs, and calculate the average completion time, the average job lateness, and the average number of jobs in the machine center.
$$\begin{array} { | c | c | c | } \hline \text { Job } & \text { Work Time (days) } & \text { Due Date (days) } \\\hline \text { A } & 15 & 38 \\\hline \text { B } & 13 & 28 \\\hline \text { C } & 7 & 20 \\\hline \text { D } & 18 & 50 \\\hline \text { E } & 9 & 15 \\\hline\end{array}$$

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Definitions:

Control Activities

Policies, procedures, and mechanisms implemented by an organization to prevent or detect errors or frauds, ensuring the integrity of financial reporting and compliance with laws and regulations.

Risk Assessment

The process of identifying, evaluating, and estimating the levels of risk involved in a situation, followed by the coordination and economical application of resources to minimize, monitor, and control the probability and impact of unfortunate events.

Idle Cash

Cash that is not currently employed in any investment or operation, therefore not earning any return or interest.

Cash Equivalents

Short-term, highly liquid investments that are easily convertible to known amounts of cash with original maturities of three months or less.