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Use this scenario for the following question(s) .
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. What is the theoretical minimum number of stations that will be used if the line is balanced using the appropriate takt time?
Diversified Equity Mutual Fund
A mutual fund that invests in a wide range of equities from various sectors to reduce investment risk.
Canadian Companies
Businesses that are registered, operated or have a significant presence in Canada.
Compounded Quarterly
A method of calculating interest in which the interest is compounded quarterly, being added to the principal amount four times annually.
Annual Rate of Inflation
the percent increase in the price level of goods and services across the economy over the course of a year.
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