Answer:
<em>The theoretical minimum number of workstations are five workstations</em>
Explanation:
Given the total time available per day = 480 minutes
the cycle time which is the time required or spent to produce a unit can be obtained as;
Cycle time = Total time / Demand per day
Cycle time = 480 / 80 = 6 minutes
hence 6 minutes is the cycle time for one unit.
The theoretical number of stations can be calculated thus;
Theoretical number of stations = Time for one unit / Cycle time
= 30/6 = 5 workstations
<em>Therefore the theoretical minimum number of workstations are five workstations</em>
<h2>
Lean Production Perspective</h2>
Explanation:
There are 6 Business management perspective. They are:
- An ethics perspective
- Strategic management perspective
- Enterprise risk management
- Corporate social responsibility perspective
- A process management perspective
- A leadership perspective
Here the Lean production perspective does not come under the business management perspective.
Lean production actually deals with cutting down of waste and whilst ensuring quality. This approach is basically a cost-cutting approach where it brings benefit to the business. This is one of the most efficient methods.
Answer:
Controllable margin= $300,000
Controllable margin in %= 33.3%
Explanation:
Controllable margin is sales revenue less controllable variable costs and fixed cost.
Controllable margin= Sales revenue - controllable variable cost - controllable fixed costs
Controllable margin= contribution margin - fixed costs
= 500,000 - 200,000= 300,000
Controllable margin in %= 300,000/900,000 × 100 =33.3%
Controllable margin in %= 33.3
Answer:
High volume
Low cost
Moderate speed of delivery.
Explanation:
High - volume : The train can a large volume of goods at a single time as high number of coaches can be added to the train.
Low - cost : As the volume of goods carried in a single time by train is very large therefore the cost of transportation reduces to lowest than other means like air logistics.
Moderate speed of delivery : The speed of logistic delivery from one part to another part is comparatively lower than the air logistics transport system but is more than the road logistics transport system in terms of long distance like in different states.
Answer: Poverty
Explanation:
Poverty is the lack of resources needed to meet an individual's basic needs, such as the need for; food,water, clothing and shelter. A person is said to be poor if the person can't cater for his basic needs.
