Examlex
Consider the following assembly line information for manufacturing the latest cell phone. The firm wants to produce 80 cell phones per hour.
a.What is the required cycle time?
b.Balance the assembly line using your choice of balancing heuristic, with the goal of minimizing the number of workstations needed? (Specify the task(s) assigned to each workstation.)
c.What is the efficiency of your assembly line?
d.Is this a good assembly line balancing solution? Explain. What do you recommend?
Temporary Venture
A project or enterprise established for a limited time period, focusing on achieving a specific goal or fulfilling a particular market need.
Start-up
A young company founded to develop a unique product or service and bring it to market.
Lean Start-ups
A business approach focusing on minimal viable products, rapid prototyping, and iterative development to efficiently test and develop market-fit solutions.
Operations
Refers to the day-to-day activities and processes undertaken by a business to produce goods or services.
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