Vernon Inc. has analyzed the setup time on its computer-controlled lathe. The setup requires changing the type of fixture that h
olds a part. The average setup time has been 140 minutes, consisting of the following steps:
Turn off machine and remove fixture from lathe 15 minutes
Go to tool room with fixture 15
Record replacement of fixture to tool room 18
Return to lathe 20
Clean lathe 20
Return to tool room 20
Record withdrawal of new fixture from tool room 12
Return to lathe 15
Install new fixture and turn on machine 5
Total setup time 140 minutes
Required:
a. Why should management be concerned about improving setup time?
b. Which of the following are the ways to improve Hammond Inc.'s setup time?1. limit the trips to the tool room to one round trip, rather than two.2. change the location of the fixtures to reduce lathe setup time.3. eliminate the tool room and instead locate the tools in a visible location near the lathe.4. change the entire lathe room layout, so that fewer steps are required to turn the lathe on and off, as well as clean the lathe and change fixtures for the lathe.5. All of these are ways to improve setup time.c. How much time would be required for a setup, using your suggestion in (b)?
Turn off machine and remove fixture from lathe 15 minutes
Go to tool room with fixture 15
Record replacement of fixture to tool room 18
Return to lathe 20
Clean lathe 20
Return to tool room 20
Record withdrawal of new fixture from tool room 12
Return to lathe 15
Install new fixture and turn on machine 5
Total setup time 140 minutes
Required:
a. Why should management be concerned about improving setup time?
b. Which of the following are the ways to improve Hammond Inc.'s setup time?1. limit the trips to the tool room to one round trip, rather than two.2. change the location of the fixtures to reduce lathe setup time.3. eliminate the tool room and instead locate the tools in a visible location near the lathe.4. change the entire lathe room layout, so that fewer steps are required to turn the lathe on and off, as well as clean the lathe and change fixtures for the lathe.5. All of these are ways to improve setup time.c. How much time would be required for a setup, using your suggestion in (b)?
1 answer:
You might be interested in
Answer:
Yes
Explanation:
Given:
- F = 1000$
- n = 7
- Coupon rate = 9%, because it pays the coupon semiannually, so
=> Coupon payment = 1000*9%/2 = 45
- Current market rate, YMT= 10%
So the current value of bond is:
C(1- (1+r)^(-n)/r + F/(
<=>45(1 - (1+0,1)^(-7/0.1)) + 1000(1+0,1)^7
<=> C = $951
So she will buy the bonds at the offered price 943.22 because it is smaller than $951
Salary relationships usually have behaviors that can be expressed through mathematical equations, for this case we must locate the information they give us, according to which the salary of the movie star is equal to a fixed basic remuneration
plus a percentage
of the gross income
, that is:
With this equation and the data they give us, we can solve the request so :
We clear the basic remuneration from the second equation and replace in the first:
Thus, with the fixed basic remuneration and the percentage of gross income calculated, we can estimate how much the following film should obtain so that the movie star obtains at least millions salary:
Answer
The <em>minimum amount</em> of gross income that the next film should generate is <em>millions</em>