Describe the five-step process that serves as the basis of the theory of constraints.
Answer to relevant QuestionsWhat are the techniques available to operations managers to deal with a bottleneck operation? Which of these does not decrease process cycle time?Material delays have routinely limited production of household sinks to 400 units per day. If the plant efficiency is 80%, what is the effective capacity?The three-station work cell at Pullman Mfg., Inc. is illustrated in figure S7.8. It has two machines at station 1 in parallel (i.e., the product needs to go through only one of the two machines before proceeding to station ...Given the following data, calculate:(a) BEPx;(b) BEP$;(c) The profit at 100,000 units:P = $8/unit V = $4/unit F = $50,000What is the net present value of an investment that costs $75,000 and has a salvage value $45,000? The annual profit from the investment is $15,000 each year for 5 years. The cost of capital at this risk level is 12%?
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