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You have been asked to balance a flow shop assembly operation to achieve an output rate of 80 units per eight-hour day.Task times and precedence relationships are shown in the table below.
a.Draw the precedence diagram.
b.Determine the desired cycle time.
c.Determine the theoretical minimum number of stations needed.
d.Balance this line using most following tasks.
e.What is the efficiency of the line obtained in part d?
Monetary Policy Weapon
Tools used by central banks to control the supply of money in the economy, influencing interest rates and inflation.
Legal Reserve Requirement
The minimum amount of reserves that banks are required to hold against deposits, as mandated by central banks.
Excess Reserves
Funds that banks hold over and above the required minimum by the central bank to cover depositor withdrawals.
Open Market Operations
Actions undertaken by a central bank, such as buying or selling government securities, to control the money supply and interest rates.
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