A manufacturer's average WIP inventory for Part #2934 is 755 parts. The workstation produces parts at the rate of 295 parts per day. Use the Excel template Little's Law to find the average time a part spends in this workstation. Round your answer to two decimal places. days

A manufacturer's average WIP inventory for Part #2934 is 755 parts. The workstation produces parts at the rate of 295 parts per day. Use the Excel template Little's Law to find the average time a part spends in this workstation. Round your answer to two decimal places. days

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Question

A manufacturer's average WIP inventory for Part #2934 is 755 parts. The workstation produces parts at the rate of 295 parts per day. Use the Excel template Little's Law to find the average time a part spends in this workstation. Round your answer to two decimal places.

days

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