A process consists of 3 resources. Assume there exists unlimited demand for produ Resource 1 has a processing time of 6 minutes per unit. Resource 2 has a processing time of 4 minutes per unit. Resource 3 has a processing time of 3 minutes per unit All resources are staffed by 1 worker and each worker gets paid $ 12 per hour What is the cost of direct labor ? How much idle time does worker at resource 3 have per unit ? What is the average labor utilization ? Assume demand rate is 20 units per hour, what is the Takt time ? Assume demand rate is 20 units ner hour what is the target mannower ?
Continuous Probability Distributions
Probability distributions are of two types, which are continuous probability distributions and discrete probability distributions. A continuous probability distribution contains an infinite number of values. For example, if time is infinite: you could count from 0 to a trillion seconds, billion seconds, so on indefinitely. A discrete probability distribution consists of only a countable set of possible values.
Normal Distribution
Suppose we had to design a bathroom weighing scale, how would we decide what should be the range of the weighing machine? Would we take the highest recorded human weight in history and use that as the upper limit for our weighing scale? This may not be a great idea as the sensitivity of the scale would get reduced if the range is too large. At the same time, if we keep the upper limit too low, it may not be usable for a large percentage of the population!
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