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leva [86]
1 year ago
14

A new surgical facility called Cut & Sew is opening in neighborhoods throughout the United States. They are job shops that h

andle a variety of outpatient surgical procedures. Their process is set up so that one doctor cuts and the other sews. They have five patients to sequence for tomorrow. Since the weather forecast is for a cool and sunny day, they would also like to play golf tomorrow. They want to sequence their patients with the objective of minimizing the time from the beginning of the first job until the finish of that job. The patients and estimated times are as follows:
Patient Cut Time (hours) Sew Time (hours)
A 2.3 2.8
B 2.5 3
C 2 1.5
D 0.6 1
E 3.6 2.6

Sequence the patients using Johnson's Method, state the schedule for each operation, and determine the minimum makespan.
Business
1 answer:
Anna71 [15]1 year ago
8 0

Answer:

Sequence: D| A| B| E| C|

Makespan = 14.1 hours.

Explanation:

Solution: We are asked to use Johnson's Method to sequence the patients and to determine the minimum makespan.

In Johnson's Method of sequencing, there are some conditions which must be met in order to solve this questions which are as follows:

1. Constant time for jobs, no variation.

2. No job priorities.

3. Jobs will go through from machine 1 to machine 2.

Keeping all those conditions in mind, let's start sequencing by Johnson's method.

Sequence:

                                    D| A| B| E| C|

Hence, this is the sequence to reduce the total time efficiently to perform all the jobs.

Rules to do sequencing:

First of check the number of jobs, here in our case, we have 5 jobs. So create a line of 5 boxes.

Secondly, you have check the data, check for the job and the machine which gives minimum time. If machine 1 (which is  Patient cut) gives minimum job time, then write it on the left most box and proceed towards right if other minimum times are also from machine 1. Otherwise, if machine 2 gives minimum job time for a particular job then write in the right most box and so on. Here you can see, Job C and Machine 2 gives the minimum job time, that is why I have put it on the right most box. Now, after including C, you cannot repeat job C. Moreover, you can see, Job D machine 1 gives minimum time, that is why wrote it in the left most box.

Hope, you have understood the method.

Let's Calculate the Makespan for this.    

Makespan: It is basically the total elapsed time from the start of job 1 to the end of job 5.

I have attached a table showing the starting and ending of each job and hence calculating the makespan. Please refer to the attachment.

Makespan = 14.1 hours.

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Answer:

(a)

Mathematical Equation for break-even

F = QP - QV

Where

F = fixed cost

Q = Break-even quantity

P = Selling price

V = Variable cost

F = Q ( P - V )

Q = F / ( P - V )

Q = $327,030 / ( $630 - $300 )

Q = $327,030 / $330

Q = 991 units

(b)

Contribution Margin = Price per unit - Variable cost per unit

Contribution Margin = $630 - $300 = $330

Break-even Point in Units = Fixed Cost / Contribution margin per unit

Break-even Point in Units = $327,030 / $330 = 991 units

Explanation:

Mathematical equation use the the break-even equation which represent the behavior of each element towards the break-even point.

Contribution per unit method use the contribution of each unit to calculate the break-even point.

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2 years ago
You have an opportunity to acquire a property form First Capital Bank. The bank recently obtained the property from a borrower w
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Answer:

Acquiring the property will not be profitable. This is supported by the computation below;

Cash outflow required;

Offer cost                           $200,000

Other acquisition cost           $10,500

Repairs cost                           $12,000

Selling expenses and fee       $3,000

Loan Interest (180,000x8%)    <u>$14,400</u>

<u> </u>  Total                                   $239,900

Expected selling price         <u>$225,000</u>

Expected Loss                      <u>   $14,900</u>

<u />

Explanation:

It is assumed that the $180,000 loan from the bank will be completely absorbed in the process of bringing the property into a good selleable condition.  Also, the interest payable on loan will be paid monthly which will affect the liquidity of the buyer. Except funds are sought for somewhere else, the buy can not pay for the initial cost of the property. The venture will not be profitable.

Workings:

Cash outflow required;

Offer cost                           $200,000

Other acquisition cost           $10,500

Repairs cost                           $12,000

Selling expenses and fee       $3,000

Loan Interest (180,000x8%)    <u>$14,400</u>

<u> </u>  Total                                   $239,900

Expected selling price         <u>$225,000</u>

Expected Loss                      <u>   $14,900</u>

<u />

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The marginal utility of two goods changes ______________. with the quantities consumed for the better, if taxes are imposed if t
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Answer:

The monthly deposit is calculated using PMT function :

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fv = 26865 (Required value of account after 5 years)

PMT is calculated to be $379.70.

The monthly deposit is  $379.70.

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Answer:

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It is important when carrying out the strategic planning process to first focus on clarifying and developing the vision, mission and objectives of the business before moving on to strategy formulation, this helps to give a sense of direction.

In the process of strategic planning, involving key employees cannot be overemphasized. Giving key employees the chance to be involved in the planning process will enable them to connect to the business and set them up for success.

Apart from the fact that strategic planning provides a sense of direction, it also enables a business to outline goals that can be measured, hence providing a standard for measuring performance.

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