An Assembly Line Is Assigned as Follows

question 60

Essay

An assembly line is assigned as follows.Station 1- task A,B,and C.Station 2- task D.Station 3- task E and F.The task times are 7,3,2,9,4,and 5 minutes respective to A,B,C,D,E,and F.(Assume that there is no precedence relationships between the tasks,i.e.they can be performed in any order)
(a)Calculate the efficiency.
(b)What would the assignment of tasks to stations be using the shortest processing time heuristic (assuming the current maximum station time remains the cycle time)?

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Definitions:

Market Interest Rate

The prevailing rate of interest available in the marketplace for securities of similar risk and maturity.

Contractual Interest Rate

The interest rate stated on the face of a loan or bond agreement, which represents the percentage of interest that the borrower must pay to the lender.

Premium

The amount paid for an insurance policy or the amount by which a bond or stock sells above its face value.

Discount

A reduction from the usual cost of something, often used to encourage prompt payment or increase sales.