A Manufacturing Engineer Is Considering Purchase of a Mechanical, Full

question 72

Essay

A manufacturing engineer is considering purchase of a mechanical, full revolution, punch press for a high-efficiency workstation. You are asked to compute an appropriate safety distance for a two-hand trip safeguarding device for this machine.

a. What additional design specifications for this machine would you need before responding to the manufacturing engineer's problem?

b. What would be your response? (You may assume any arbitrary value(s) for data you listed in part (a) above as necessary to solve this problem.)

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Definitions:

Excess Capacity

A situation where a firm is operating below its maximum output level, indicating that the company can produce more goods with the existing resources if there is higher demand.

Marginal Cost

The rise in overall expenses incurred from the production of an additional single unit of a product or service.

Demand Schedule

A table that shows the quantity of a good or service that consumers are willing and able to purchase at various price levels at a given time.

Profit-Maximizes

The strategy or action by a firm to adjust its production and pricing to achieve the highest possible profit.