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MrRissso [65]
3 years ago
13

Consider consecutive processes A-B-C, where process A has a capacity of 20 units per hour, process B has a capacity of 25 units

per hour, and process C has a capacity of 30 units per hour. Based on the principle of a lean system, where would an operations manager want any inventory?
Business
2 answers:
g100num [7]3 years ago
7 0

Answer:

The operation manager would want the inventory in front of process A based on the lean system.

Explanation:

To fully understand the basis on which we chose the answer, we need to define what a lean system is.

A Lean system refers to a business process plan. More a of business model canvass that meticulously deal with business process plan and development for the purpose of achieving maximum value in production, client and customer satisfaction while still at a reduced cost of running business.  It should also be noted that the lean system is mostly a continuum of existing process and subsequent process progress are mostly determined by the level of integrity attained by the primary design stage.

With the understanding gotten from the definition above, it then obvious from the narrative of the question that the process is consecutive. As such, follows a pattern of A to B to C and thus the level of integrity of process design achieved at A will be passed down to B and C.

This is the more reason why the operation manager will prefer to to want an inventory at A which is the primary point of start.

Ksenya-84 [330]3 years ago
4 0

Answer:

Inventory should not exist anywhere.

Explanation: An inventory is a term used in Production and supply chain to refer to the store value of finished goods or raw materials.

Lean manufacturing tends to promote JIT(JUST IN TIME) in terms of inventory management,JIT is trying to show that a lean manufacturing process should only have as much inventory as it requires Inna given period of time.

That is why Toyota ensured that all its suppliers located their factors close to its facilities.

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Houpe Corporation produces and sells a single product. Data concerning that product appear below: Per Unit Percent of Sales Sell
jarptica [38.1K]

Answer:

Effect on income= -$2,100

Explanation:

Giving the following information:

Contribution margin $ 98

Increase in variable cost= $5

Increase in sales= 300 units

<u>To determine the effect on income, we need to use the following formula:</u>

Effect on income= increase in contribution margin for new sales - increase in variable costs

Effect on income= 300*93 - 6,000*5

Effect on income= -$2,100

3 0
3 years ago
Based on the following information: Rate of Return If State Occurs State of Probability of Economy State of Economy Stock A Stoc
Sonja [21]

The expected return for stock A and B is 8.55% and 15.11% respectively.

<h3>What is the Expected return?</h3>

= (Probability of Recession × Return during recession) + (Probability of normal × Return during normal) + (Probability of boom × Return during boom)

Expected return for stock A:

= (0.20 * .05) + (0.57 * 0.08) + (0.23 * 0.13)

= 0.0855

= 8.55%

Expected return for stock B:

= (0.20 * 0.20) + (0.57 * 0.09) + (0.23 * 0.26)

= 0.1511

= 15.11%

Therefore, the expected return for stock A and B is 8.55% and 15.11% respectively.

Read more about Expected return

<em>brainly.com/question/25821437</em>

#SPJ1

3 0
2 years ago
The cost for a carton of milk is $3, and it is sold for $5. When the milk expires, it is thrown out. You also know that the mean
svetlana [45]

Answer:

a) $3

b) $2

c) 1449

Explanation:

Given:

The cost for a carton of milk = $3

Selling price for a carton of milk = $5

Salvage value = $0        [since When the milk expires, it is thrown out ]3

Mean of historical monthly demand = 1,500

Standard deviation = 200

Now,

a) cost of overstocking = Cost  for a carton of milk - Salvage value

= $3 - $0

= $3

cost of under-stocking = Selling price - cost for a carton of milk

= $5 - $3

= $2

b)  critical ratio = \frac{\textup{cost of under-stocking }}{\textup{cost of overstocking + cost of under-stocking }}

or

critical ratio = \frac{\textup{2}}{\textup{3 + 2}}

or

critical ratio = 0.4

c) optimal quantity of milk cartons = Mean + ( z × standard deviation )

here, z is the z-score for the critical ration of 0.4

we know

z-score(0.4) = -0.253

thus,

optimal quantity of milk cartons = 1,500 + ( -0.253 × 200 )

= 1500 - 50.6

= 1449.4 ≈ 1449 units

4 0
3 years ago
Millions of West Africans who migrated to Nigeria during the 1970's, when the country's economy expanded, were expelled during t
lorasvet [3.4K]

Answer:

Pull factor becoming a push factor

Explanation:

Nigeria is the most populous black nation on earth and attracts a lot of tourist as well as investors at every point in time. During the 1970's, there was migration of people from other west African countries due to the economic stabilty and increasing economic expansion, thus making Nigeria a place to search for greener pasture within the continent. In the 1980's, there was an economic downturn that hit the country so hard that Nigerians started calling for the exit of fellow african nationals in the country. Most affected country then was Ghana and there was a slogan with tthe phrase 'Ghana-must-go'.

The phrase went on to become the name of the bags with which Ghanians left tthe country with.

N.B: look up Ghana-must-go bags on google.

Cheers.

8 0
4 years ago
What are some negative effects of the traditional economy?
zalisa [80]
I think it’s D. All of the above
3 0
3 years ago
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