Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What are the steps in obtaining these answers? I'm not following what formulas were used. Any help is greatly apperciated. A recent surge in demand

What are the steps in obtaining these answers? I'm not following what formulas were used. Any help is greatly apperciated.

A recent surge in demand has convinced HeliMax's production team that they need to boost their production capacity. The top management set aside $5,000 that they can invest in upscaling the throughput of the process. They would like to make the biggest throughput improvement possible with that money.

The table's last column shows how much it costs to cut 5 seconds in the cycle time for each workstation. You can only reduce cycle times by multiples of 5 seconds. For instance, for workstation #2, you can invest $500 to cut 5 seconds, $1,000 to cut 10 seconds and so on...... However, you cannot cut only 2 seconds at a prorated cost of $200. You must spend the whole $500.

f. Increase throughput:

What would your total investment be to upgrade the production line of HeliMax, Inc.? For full credit, highlight the sequence of steps you followed to come to that total investment.

What would be the upgraded throughput rate of the production line in units/hours?

Previously answered question:

Choose any one option from below as per your choice : 1 or 2 1) Total investment = $5,000 Production rate = 419 units per hour New production time = 515 sec Total reduction in time 120 sec with $5,000: insert UHF receiver time reduced by 60 sec = 10012 = $ 1,200. Install battery time reduced by 50 sec = 30010= $ 3,000. Assemble frame time reduced by 10 sec = 4002 =$800. 2) Total investment = $5,000 Production rate = 392 units per hour. IF YOU WANT RECUDTION IN ALL THE PROCESS THEN : new total time 550 sec, redution in time = 85 sec

image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Strategic management concepts

Authors: Fred david

13th Edition

9780136120988, 136120997, 136120989, 978-0136120995

More Books

Students also viewed these General Management questions

Question

a. What is the tickets expected value?

Answered: 1 week ago