You Have Read That in JIT and Lean Production the Optimum

question 85

Essay

You have read that in JIT and lean production the optimum lot size is one, with some exceptions for packaging and physical limitations. If a product currently has a lot size of 25, what must happen to setup time for the lot size to truly fall to one?
Data for this problem are D=100 units, S=$75 based on setup time of 50 minutes at $1.50 per minute, and H=$40 per unit per year.

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Definitions:

Real-life Settings

Environments or situations that occur in the natural course of an individual's life, as opposed to controlled experimental conditions.

Laboratory Controls

Procedures or conditions that are used in experiments to ensure that the results are due to the independent variable being tested, and not to external factors.

Correlational Method

A research strategy that involves observing the relationship between two or more variables without manipulating them.

Variables

Variables are any characteristics, numbers, or quantities that can be measured or quantified and that can vary across subjects, time, or any other dimension in a study or experiment.