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4. (25 pts) Your roll forming machine runs continuously due to customer demand in your job-shop environment. Rolling die changeovers take 2 hours on average

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4. (25 pts) Your roll forming machine runs continuously due to customer demand in your job-shop environment. Rolling die changeovers take 2 hours on average and are done every 3 days in this operation which runs three shifts, 350 days per year. Down time cost is $185/hr. If you have a proposal to reduce the average changeover time by 42 minutes, and the capital costs for this implementation is $97,000. Is this within a budget to meet a 2-year payback requirement9? (See page 165 of course notes.)

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