Operation A SU LOT 1 LOT 2 ||| Transit Time SU LOT I LOT 2 Operation B FIGURE 6.8 Operation overlapping.
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.
An order for 100 of a product is processed on operation A and operation B. The setup
time on A is 50 minutes, and the run time per piece is 9 minutes. The setup time on
B is 30 minutes, and the run time is 6 minutes per piece. It takes 20 minutes to move
a lot between A and B. Since this is a rush order, it is given top priority (president’s
edict) and is run as soon as it arrives at either workstation.
It is decided to overlap the two operations and to split the lot of 100 into two lots
of 60 and 40. When the first lot is finished on operation A, it is moved to operation B
where it is set up and run. Meanwhile, operation A completes the balance of the 100
units (40) and sends the units over to operation B. These 40 units should arrive as
operation B is completing the first batch of 60; thus, operation B can continue without
interruption until all 100 are completed.
a. Calculate the total manufacturing lead time for operation A and for B without
overlapping.
b. Calculate the manufacturing lead time if the operations are overlapped. How much
time is saved?
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