Students also viewed
Recent flashcard sets
Sets found in the same folder
Other sets by this creator
PowerToys Inc. produces a small remote-controlled toy truck on a conveyor belt with nine stations. Each station has, under the current process layout, one worker assigned to it. Stations and processing times are summarized in the following table:
a. What is the bottleneck in this process? b. What is the capacity, in toy trucks per hour, of the assembly line? c. What is the direct labor cost for the toy truck with the current process if each worker receives $15/hour, expressed in dollars per toy truck? d. What would be the direct labor cost for the toy truck if work would be organized in a work cell, that is, one worker performs all tasks? Assume that the processing times would remain unchanged (i.e., there are no specialization gains). e. What is the utilization of the worker in station 2? Because of a drastically reduced forecast, the plant management has decided to cut staffing from nine to six workers per shift. Assume that (i) the nine tasks in the preceding table cannot be divided; (ii) the nine tasks are assigned to the six workers in the most efficient way possible; and (iii) if one worker is in charge of two tasks, the tasks have to be adjacent (i.e., one worker cannot work on tasks 1 and 3). f. How would you assign the nine tasks to the six workers? g. What is the new capacity of the line (in toy trucks per hour)?
Please refer to the table "Pet Owners' Behavior during Recession," which shows results of a survey in the midst of the recession in 2008 . Now that there has been some economic recovery, the results may differ.
Perform a survey of modern-day pet owners asking the same questions. Compare and contrast your results with those from 2008.
Creditors who make variable-rate Joans are quick to raise interest rates when economic conditions change. Many people complain that when the prime rate rises by .25 percent, their loan rates go up by 3 percent or more. Lenders claim they have the legal right to raise rates, because the credit agreements allow for them to do so. Often those who can least afford to pay extra charges are hurt the most. Discuss the ethics of variable-rate Joans. Why would consumers accept the terms of a variable-rate Joan? Should restrictions be placed on creditors?