OPEARATIONS MANAG.REV CUSTOM 2017
OPEARATIONS MANAG.REV CUSTOM 2017
17th Edition
ISBN: 9781323590058
Author: Pearson
Publisher: PEARSON C
bartleby

Concept explainers

bartleby

Videos

Question
Book Icon
Chapter D, Problem 1.2CS
Summary Introduction

Introduction:

Company NEFI is involved in the manufacturing wood stoves for more than 75 years. The company manufactures four models of stoves namely W1, W2, W3 and W4 of which W3 had outsold other products due to its performance.

The company uses wooden pattern for manufacturing stoves. The wooden pattern is covered with sand molding in which the molten iron is poured to form the shape of a stove. Later, the molten iron is cooled and taken to next stages like cleaning, grinding and preparation. Finally, the product is tested to identify any defects.

The company has its maintenance and pattern shop in the same room, which increases the time for people from other department to fetch products. Person P and Person B can serve 10 people per hour. Average of 4 people from casting and 3 from molding arrive at the counter each hour.

It takes average of 3 minutes for the people from casting department and 1 minute for people from molding department to reach the pattern shop and maintenance room. The layout is shown in the diagram.

OPEARATIONS MANAG.REV CUSTOM 2017, Chapter D, Problem 1.2CS , additional homework tip  1

The company has restructured the layout, which is shown below. After restructuring, it takes 1 minute to reach pattern shop and maintenance from casting, while the time from molding department remains same.

OPEARATIONS MANAG.REV CUSTOM 2017, Chapter D, Problem 1.2CS , additional homework tip  2

With new improved layout, Person B can serve 6 people per hour from the casting department and Person P can serve 7 people per hour from the molding shop.

To determine: The saving per hour with the new factory layout.

Blurred answer
Students have asked these similar questions
Anecdotally, entrepreneurs frequently encounter two critical dilemmas in managing human resources: the timing of hiring and the decision regarding hiring a generalist versus a specialist for their growing venture. Deciding when to expand a team is crucial, as premature hiring (i.e., hiring too soon) can strain resources, while delayed hiring (i.e., hiring too late) might hinder growth opportunities. Moreover, the choice between hiring a generalist or a specialist depends on the specific needs and stage of the venture, with each option presenting distinct advantages and challenges. To address these issues, a management scholar seeks to identify the factors shaping the hiring cycle throughout the entrepreneurial journey and to understand the criteria for choosing between generalists and specialists at various stages of a venture. The scholar has assembled a sample of 20 experienced South African entrepreneurs who have encountered both failure and success in the financial technology…
3. [25 pts.] Four projects are available for investment. The projects require the cash flows and yield the net present values (NPV) (in millions) shown in the following table. Project id. 1 2 Cash outflow at time 0 (million Lira) 8 8 NPV (million Lira) 12 11 3 4 6 5 8 6 If 20 million Lira is available for investment at time 0, find the investment plan that maximizes NPV. All investments are required to be 0 or 1 (fractional investment values are not permitted). a. Formulate the mathematical model. (Write the decision variables, objective function and the constraints.) [10 pts.] b. Find the optimal solution by using Branch and Bound method (Draw the branch and bound tree clearly, write also lower bounds(LB)) (Left branches x=0, right branches x =1) [15 pts.].
examine the production concept and operations management, what are the key steps required to achieve success?  Be specific in your response.

Chapter D Solutions

OPEARATIONS MANAG.REV CUSTOM 2017

Knowledge Booster
Background pattern image
Operations Management
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,
Text book image
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Inventory Management | Concepts, Examples and Solved Problems; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=2n9NLZTIlz8;License: Standard YouTube License, CC-BY