An Assembly Line Has to Perform 10 Work Elements,whose Time

question 4

Multiple Choice

An assembly line has to perform 10 work elements,whose time requirements follow.An operations analyst has found a solution using some heuristics,as shown in the table.If the cycle time of the line is 90 seconds,what is the efficiency of the assembly line?

• A)less than 85%
• B)greater than 85% but less than 90%
• C)greater than 90% but less than 95%
• D)greater than 95%

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Definitions:

Representativeness Bias

The tendency to believe that a small sample is reliably representative of a broad population and therefore to infer patterns too quickly.

Over Reliance

The excessive dependence on a particular element, such as a specific resource, technology, or entity, which can lead to vulnerabilities.

Trading Costs

Expenses associated with the buying and selling of assets in financial markets, including commissions, spreads, and slippage.

Heuristics

Mental shortcuts or rules of thumb that simplify decision-making processes, often used under conditions of uncertainty.