The production of a particular product consists of the following work elements.If the cycle time is 4 minutes and the work-element times are as follows,what is the theoretical minimum number of stations? 
Definitions:
Elastic Demand
Refers to a market situation where the quantity demanded of a product is highly responsive to changes in its price.
Price Discrimination
A pricing strategy where a company charges different prices for the same product or service depending on the customer, market, or region.
Airline Company
A business that provides air transport services for traveling passengers and freight.
Telephone Company
A business that provides telecommunications services such as voice calls and data transmission to customers.
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