The Operations Manager of a Body and Paint Shop Has

question 89

Multiple Choice

The operations manager of a body and paint shop has five cars to schedule for repair. He would like to minimize the makespan to complete all work on these cars. Each car requires body work prior to painting. The estimates of the times required to do the body and paint work on each are as follows:
What is the optimum sequence (first car to last) ?

• A) A; B; C; D; E
• B) E; D; C; B; A
• C) E; B; D; C; A
• D) E; D; B; C; A
• E) E; B; D; A; C

Recognize programs aimed at reducing economic insecurity and their mechanisms.

Understand the concept of the adverse selection death spiral and its implications for the health insurance market.

Identify the primary payers of health care costs in the United States.

Compare health care expenditures and the government's role in health care spending between the United States and other countries.

---

Definitions:

Incremental Cost

The additional cost incurred to produce one more unit of a good or service.

Opportunity Cost

The potential benefit that is missed out on when choosing one alternative over another.

Opportunity Costs

The cost of an alternative that must be foregone to pursue a certain action. Put another way, the benefits you could have received by taking an alternative action.

Make Total Cost

An approach to calculate the comprehensive cost of manufacturing a product, including raw materials, labor, and overheads.