An Assembly Line Is Assigned as Follows

question 63

Essay

An assembly line is assigned as follows. Station A- task A, B, and C. Station B- task D. Station C- 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, ie they can be accomplished in any order)
A. Calculate the efficiency.
B. What would the assignment of tasks to stations be using shortest processing time (assuming the current maximum station time remains the cycle time)?

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Definitions:

At-The-Money

At-The-Money describes an option where the strike price is identical to the current price of the underlying asset.

Put Option

A financial contract giving the owner the right, but not the obligation, to sell a specified amount of an underlying security at a specified price within a specified time.

Stock Price

The cost of purchasing a share of a company, as traded on a stock exchange, which may fluctuate based on supply and demand dynamics.

Exercise Price

The price at which the holder of an option can buy (in the case of a call option) or sell (in the case of a put option) the underlying asset.