For the production of part R-193, two operations are being considered. The capital investment associated with each operation is identical. Operation 1 produces 1.400 parts per hour. After each hour, the tooling must be adjusted by the machine operator. This adjustment takes 20 minutes. The machine operator for Operation 1 is paid $17 per hour (this includes fringe benefits). Operation 2 produces 1,050 parts per hour, but the tooling needs to be adjusted by the operator only once every two hours. This adjustment takes 30 minutes The machine operator for Operation 2 is paid $11 per hour (this includes fringe benefits) Assume an 8-hour workday. Further assume that all parts produced can be sold for $0.25 each a. Should Operation 1 or Operation 2 be recommended? b. What is the basic tradeoff in this problem?
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- For the production of part R-193, two operations are being considered. The capital investment associated with each operation is identical. Operation 1 produces 2,100 parts per hour. After each hour, the tooling must be adjusted by the machine operator. This adjustment takes 15 minutes. The machine operator for Operation 1 is paid $24 per hour (this includes fringe benefits). Operation 2 produces 2,350 parts per hour, but the tooling needs to be adjusted by the operator only once every two hours. This adjustment takes 45 minutes. The machine operator for Operation 2 is paid $13 per hour (this includes fringe benefits). Assume an 8-hour workday. Further assume that all parts produced can be sold for $0.35 each. a. Should Operation 1 or Operation 2 be recommended? b. What is the basic tradeoff in this problem?A recurring maintenance job in a factory is being done by a three-man crew. Due to the nature of the job and space limitations, it was observed that two of the men were idle 37% of the time; one of the men was also idle an additional of the time, and at any given time only one man was required. The men were each paid P24.00 per hour. Each time the job was performed a set of tools and equipment with a value equivalent to P36.00 per hour was used. If the three-men crew could complete the work in 5 hours, which crew size would be the most economicalA machine shop manufactures two types of bolts. The bolts require time on each of the three groups of machines, but the time required on each group differs, as shown in the table below. Type I Type IIMachine 1 0.2 min 0.2 minMachine 2 0.6 min 0.2 minMachine 3 0.04 min. 0.08 min Production schedules are made up one day at a time. In a day, 300, 720, and 100 minutes are available, respectively, on these machines. Type I bolts sell for 15¢ and type II bolts for 20¢. (a) How many of each type of bolt should be manufactured per day to maximize revenue?(b) What is the maximum revenue?(c) Suppose the selling price of type I bolts began to increase. Beyond what amount would this price have to increase before a different number of each type of bolts should be produced to maximize revenue?
- A startup company is considering making a part by injection molding. The part is moderately complex and the volume of the part is about 10 cubic centimeters. Assume that the part is designed for injection molding and can be made with a two part mold. The company needs to make 250,000 parts made from ABS plastic. Once the mold is made it will take a worker 1 minute to make one part using the injection molding machine. The company will use contract manufacturing to produce the parts. Estimate the cost per part and explain how you came up with the number. (If you are stuck look at the Contract Manufacturing Cost per Unit section. Also keep in mind that there is no exact right answer, the goal is to come up with a reasonable estimate.) Contract Manufacturing Cost per Unit: It’s not uncommon to hire another company to perform some or all the manufacturing for a product. To estimate the cost use ((Cost of Parts and Materials) + (man hours) × $40)/.75A loan processing operation at a local bank processes an average of 7 loans per day. The operation has a design capacity of 10 loans per day and an effective capacity of 8 loans per day. What is the utilization of the processing operation? Select one: a. 100.0% b. 87.5% c. 70.0% d. 80.0% Warranty expense, the cost that a business incurs for the repair or replacement of goods that has sold, is an example of which of the following? Select one: a. Internal failure cost b. Appraisal cost c. Prevention cost d. External failure costTwo vital stages in a production process are assembly I and assembly II. The unit load for the assembly I stage is 7.0 ( 50% higher for high skill) minutes, while it is 10.0 (30 % higher for high skill) minutes for assembly II. There are 7 employees working in assembly I and 8 employees working in assembly II. 65% of low skill labor and 35% of high skill labor are required at both stages. . On average 18% of the operating time is wasted, what's the theoretical unit load for Assembly II? answer is 9.06 please explain
- A bicycle component manufacturer produces hubs for bike wheels. Two processes are possible for manufacturing, and the parameters of each process are as follows: Process 1 Production rate Daily production time Process 2 35 parts/hour 4 hours/day 20% 15 parts/hour 7 hours/day 9% Percent parts rejected Assume that the daily demand for hubs allows all defect-free hubs to be sold. Select the process that maximizes profit per day if each part is made from $4 worth of material and can be sold for $30. Both processes are fully automated, and variable overhead cost is charged at the rate of $40 per hour.ABC Manufacturing is evaluating the desirability of implementing process improvements and is seeking your help in determining whether it should proceed with the proposed improvements. One area of focus is how the improvements will affect processing time (manufacturing cycle time efficiency). Estimated activities and associated times for these activities under both the current process and after process improvements are as follows: Process Activity Current Process After Process Improvements Wait time 4 hours 1 hour Inspection 40 minutes 5 minutes Moving 80 minutes 20 minutes Processing (manufacturing) 2 hours 75 minutes Required: 1. Determine the manufacturing (production) lead time (in minutes) for each of the two decision alternatives. 2. Determine the manufacturing cycle efficiency (MCE) for each decision alternative.A bicycle component manufacturer produces hubs for bike wheels. Two processes are possible for manufacturing, and the parameters of each process are as follows: Process 1 Process 2 Production Rate 35 parts per hour 15 parts per hour Daily production time 4 hours per day 7 hours per day Percent of Parts Rejected 20% 9% Assume that the daily demand for hubs allows all defect-free items to be sold. Additionally, defective hubs cannot be sold and their material cannot be recovered anymore. Find the process that minimizes the total cost per piece if each part is made from $4 worth of material. Both processes are fully automated, and the variable overhead cost is charges at $40 per hour.
- 15.21 A moving belt line is used to assemble a product whose work content = 22 min. Production rate = 35 units/hr, and the proportion uptime = 0.96. The length of each station = 2.0 m and station manning level = 1.0 for all stations. The belt speed can be set at any value between 0.6 and 3.0 m/min. It is expected that the balance delay will be about 0.08 or slightly higher. Time lost for repositioning each cycle is 6 sec. (a) Determine the number of stations needed on the line. (b) Using a tolerance time that is !! %! 50% greater than the cycle time, what would be an appropriate belt speed and spacing between parts?You are an experienced machinist with a small tool shop. You have been asked to submit a bid to produce 12 special clamps for a new die that is under construction. You estimate that the material costs (metal and fasteners) for each clamp are $150.00. You also estimate that 10.65 labor hours are needed to produce the first clamp. The value of your labor is $50/hour. From similar orders in the past, you estimate that there is a 90% learning curve for this type of work. Using this information, what is the lowest total bid (cumulative price for 12 clamps) you should submit if you charge a 25% markup on material and you wish to recoup your labor costs? Hint: set up formulas in Excel (see Moodle video). This is a long problem. Round your answer to 2 decimal places and DO NOT include the $ sign or a comma. For example, answer 4567.89 and NOT $4,567.89 Answer: CheckA manufacturing process has a i xed cost of $150,000 per month. Each unit of product being produced contains $25 worth of material and takes $45 of labor. How many units are needed to break even if each completed unit has a value of $90?