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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 idle time at the paint work center for the optimal schedule?
Monthly Stream
A monthly stream often refers to consistent or recurring flows of income, payments, or data that occur every month.
Discount Rate
An interest rate used to discount future cash flows to their present value, often central in determining the value of investments.
Trust Fund
A fund comprised of a variety of assets intended to provide benefits to an individual, group, or organization.
Annual Percentage Rate
A measure of the cost of credit, expressed as a yearly interest rate.
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