Matt Dillon Works for a Production Facility That Makes Ball

question 92

Short Answer

Matt Dillon works for a production facility that makes ball point pens. His job is to place the spring on the central ink insert. He is expected to process 200 inserts per hour. The factory uses a Kanban production system with containers that hold 50 inserts. It takes 30 minutes for Frank to receive the inserts from the previous work station. The factory sets safety stock at 40 percent of demand during lead time. How many Kanbans are needed?

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Definitions:

Future Market Values

Estimations or predictions about the worth or price of investments or assets at a future point in time, based on expected market trends and conditions.

Leasing

A process by which one party, the lessor, grants another party, the lessee, the right to use an asset for a specified period of time in exchange for periodic payments.

Assets

Economic resources owned by an individual or business, capable of being converted into cash or used to generate revenue.

Less Restrictive Financing

Financing options that offer more flexible terms and conditions, often resulting in higher levels of debt that can be used by a company for expansion or other purposes.