Mr. John produces a special type of shoes on an assembly line. The process involves eight different tasks. Mr. John would like to increase productivity on this line and asked you for some assistance. He would like to balance the assembly line in order to reduce idle time and increase efficiency. a. What information would you need in order to demonstrate to Mr. John how to balance the assembly line? b. Setup an example that will be used to demonstrate to Mr. John how to balance the line. c. Using the example that you setup in “b” above, demonstrate to Mr. John how to balance the line using the LOT heuristics. d. Based on the example above, calculate the efficiency of the line.
Breakeven Analysis
Break Even Analysis is a term used in business, cost accounting and economics. It refers to a point where the total cost incurred becomes equal to the total revenue earned. Break Even Analysis determines the number of units to be sold to earn the revenue required to cover the total costs. Total cost is a sum total of fixed and variable costs.
Process analysis
The term process analysis can be defined as breakdown of production process into different phases that converts inputs into output. A series of routine activities are incorporated using organizational resources with a view to achieve operational excellence.
QUESTION 3
Mr. John produces a special type of shoes on an assembly line. The process involves eight
different tasks. Mr. John would like to increase productivity on this line and asked you for some
assistance. He would like to balance the assembly line in order to reduce idle time and increase
efficiency.
a. What information would you need in order to demonstrate to Mr. John how to balance
the assembly line?
b. Setup an example that will be used to demonstrate to Mr. John how to balance the line.
c. Using the example that you setup in “b” above, demonstrate to Mr. John how to
balance the line using the LOT heuristics.
d. Based on the example above, calculate the efficiency of the line.
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