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Use this scenario for the following questions.
The process design team at a manufacturer has broken an assembly process into eight basic steps, each with a required time, and predecessor as shown in the table. There are 7.5 productive hours available in a day and the manufacturer wishes to produce 400 units. Balance the line by assigning tasks to workstations to fill up as much takt time as possible. Break ties by assigning the longest task first.
-Refer to the scenario above.How many workers must be added to increase the output rate to one unit per minute?
Net Present Value
A method of evaluating investment opportunities that calculates the difference between the present value of cash inflows and outflows over a period of time.
Capital Expenditure
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, industrial buildings, or equipment.
Net Income
The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.
Salvage Value
The projected value of an asset for sale at the conclusion of its operational lifespan.
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