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A firm has redesigned its production process - it now takes 1 0 hours for a unit to be made ( flow time or throughput
A firm has redesigned its production process it now takes hours for a unit to be made flow time or throughput time whereas earlier it took hours.
If the process completes one unit per hour on average this is cycle time, the same now and earlier and each unit is worth $on average throughout the production line what is the reduction in workinprocess value in dollarsNote: reduction in dollars, not as a percentage.
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