A furniture factory makes two types of wooden tables,large and small. See the flowchart below.SetupTime,MinutesRun Timeper Piece,MinutesCapacity,Piecesper HourWood cutting 30 5 15Make four legs 60 10 10Make tops 60 12 8Finish the wood 20 8 12Assemble and ship 20 17 14 Small tables are made in batches of 100, and large tables are made in batches of 50. A batch includes a fixed setup time for the entire batch at each process step and a run time for each piece in the batch. Both large and small tables have the same processing times. The capacities of each process step are given, and apply to production of either type of table, as shown in the flowchart.a. What is the capacity of the system, and what is the bottleneck?b. What are the throughput times for batches of large and small tables?c. When producing at a rate of six small tables per hour on average, how many tables will be in the system?
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
A furniture factory makes two types of wooden tables,
large and small. See the flowchart below.
Setup
Time,
Minutes
Run Time
per Piece,
Minutes
Capacity,
Pieces
per Hour
Wood cutting 30 5 15
Make four legs 60 10 10
Make tops 60 12 8
Finish the wood 20 8 12
Assemble and ship 20 17 14 Small tables are made in batches of 100, and large tables are made in batches of 50. A batch includes a fixed setup time for the entire batch at each process step and a run time for each piece in the batch. Both large and small tables have the same processing times. The capacities of each process step are given, and apply to production of either type of table, as shown in the flowchart.
a. What is the capacity of the system, and what is the bottleneck?
b. What are the throughput times for batches of large and small tables?
c. When producing at a rate of six small tables per hour on average, how many tables will be in the system?
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