Mike Reynolds has four assignments due in class tomorrow, and his class times are as follows:ClassTimeMarketing 3049 a.m.OM 38512 p.m.Finance 2162 p.m.Psychology 2005:30 p.m. Each class lasts one hour, and Mike has no other classes. It is now midnight, and Mike estimates that the finance, OM, marketing, and psychology assignments will take him two, three, five, and four hours, respectively. Assume that all time till the last class begins can be spent on completing assignments but each assignment should be done till the time of the class on the same subject. (Mike can prepare assignments for the next classes during previous classes.)Use the Excel to determine how he should schedule the work. Use minus sign to enter negative lateness values, if any. Enter the half an hour value as 0.5, e.g., 3:30 p.m. should be entered as 15.5. If your answer is zero, enter "0". Round your answers for the due date, lateness, and tardiness to one decimal place. Round your answers for the average values to two decimal places. ### SPT (Shortest Processing Time) Sequence TableThis educational module introduces the concept of scheduling tasks using the Shortest Processing Time (SPT) sequence. The table provided allows users to input and manage task data, focusing on optimizing work deadlines.#### Table Layout:- **Headers:** - **Sequence:** Drop-down menus to select the order of tasks. - **Processing Time:** Input boxes for each task’s processing duration. - **Due Date:** Input boxes for each task’s due date. - **Flow Time:** Calculated input boxes for total time spent on tasks. - **Lateness:** Calculated input boxes indicating lateness per task if any. - **Tardiness:** Calculated input boxes showing delayed time beyond the due date.- **Rows:** - Four rows to input data for different tasks. - Averages for each column are calculated and displayed in a summary row.#### Additional Instructions:- **Scheduling Advice:** Prompt titled "How should he schedule the work?" guides the user to strategize task sequence.- **Optimization Tip:** A directive, “To meet all assignment deadlines, Mike should use -Select-.” This implies selecting a method or strategy from a drop-down menu to ensure timely completion of tasks.The tool emphasizes efficient task scheduling and reflects the calculated metrics to enhance learning in operations management. Mike Reynolds has four assignments due in class tomorrow, and his class times are as follows:- **Marketing 304**: 9 a.m.- **OM 385**: 12 p.m.- **Finance 216**: 2 p.m.- **Psychology 200**: 5:30 p.m.Each class lasts one hour, and Mike has no other classes. It is now midnight, and Mike estimates that the finance, OM, marketing, and psychology assignments will take him two, three, five, and four hours, respectively. Assume that all time till the last class begins can be spent on completing assignments but each assignment should be done until the time of the class on the same subject. (Mike can prepare assignments for the next classes during previous classes.)Use the Excel **Sequencing** template to determine how he should schedule the work. Use a minus sign to enter negative lateness values, if any. Enter half-hour values as 0.5; for example, 3:30 p.m. should be entered as 15.5. If your answer is zero, enter "0". Round your answers for the due date, lateness, and tardiness to one decimal place. Round your answers for the average values to two decimal places.### EDD Sequence:| Sequence | Processing Time | Due Date | Flow Time | Lateness | Tardiness ||----------|-----------------|----------|-----------|----------|-----------|| -Select- | | | | | || -Select- | | | | | || -Select- | | | | | || -Select- | | | | | |**Average**: This section is meant to be filled out using the Excel template, where calculations for due dates, flow times, lateness, and tardiness are to be performed and averaged.

Given data: Job Processing time (hrs.) Due date (hrs.) 1 Marketing - 304 5 9 AM 2 OM - 385…

Answered: Mike Reynolds has four assignments due…

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...