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Use Johnson's rule to determine the optimal sequencing for the five jobs to be processed on two machines in a fixed order (Machine 1 before Machine 2). The processing times in hours are given in the table below.
a. What is the optimal sequence?
b. What is the total flow time for this sequence?
c. Which job is the first to be scheduled?
Is it scheduled to be the first job or the last?
Explain.
Perfect Competition
A market structure characterized by a large number of small firms, a homogeneous product, free entry and exit, and perfect knowledge, leading to firms being price takers.
Profit-maximizing Price
The selling price per unit that maximizes a firm’s profits, based on its cost structure and market demand.
Demand
The quantity of a product or service that consumers are willing and able to purchase at various prices during a certain period.
Cost Data
Information or figures related to the expenses incurred in producing goods or services, including both fixed and variable costs.
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