A facility is trying to set up an assembly line,and has identified the various tasks,and their relationship to each other,as shown in the following table.Managers wish to produce 600 units per day,working two 8-hour shifts.
(a)Draw a network diagram of precedence relationships.
(b)Compute the required cycle time per unit in seconds.
(c)Compute the minimum number of workstations required to produce 600 units per day.
(d)Balance this line using the longest processing time heuristic.
(e)What is the efficiency of the line obtained in part (d)?
Definitions:
Time to Maturity
The period left until the final payment date of a financial instrument, usually a bond or a loan.
Stock Price
The current price at which a share of stock can be bought or sold on the stock market.
Implied Volatility
The market's forecast of a likely movement in a security's price, often derived from the price of options on that security.
Black-Scholes
A mathematical model used for pricing European style options and understanding the dynamics of options markets.
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