Problem Solving The Panasonic Consumer Electronics Division would like to manufacture 25 different LCD TVs models. All of the parts are to be made at the factory. The company wants to produce 5000 units of each model annually. Data, facts and figures, and other pertinent information: Product types or models average 1000 components or parts each. Average number of processing steps for each is 10 Each processing step or operation takes on the average 1 minute. (1/60 hr) Each employee will work 8 hrs/day and 250 days/year. (2,000 hrs/year) Questions asked by Corporate and Management

1. What will be the total number of products produced ?

2. What will be the total number of parts produced annually ?

3. What are the total number of production operations ?

4. How many workers will be needed in the facility (plant) ?

5. What is the Total Time TT required to produce the products ?

6. What will be the total number of workers required ?