CT = CYCLE TIME TH = THROUGHPUT WIP = WORK IN PROGRESS FORMULA FOR WIP = TH
Fantastic news! We've Found the answer you've been seeking!
Question:
CT = CYCLE TIME
TH = THROUGHPUT
WIP = WORK IN PROGRESS
FORMULA FOR WIP = TH x CT
ML Models - Refers to Machine Learning Models
Transcribed Image Text:
2. (25 Pts.) Consider the modeling of production dynamics according to Little's Law. Knowing that experience with continuous improvement reduces CT, and that when CT is reduced, WIP will also reduce while TH is kept constant, explain: a. What happens when TH has to be increased by 20% for this factory? Illustrate your answer numerically. (You can use the example in Table 3, pg. 10, or your own example.) b. What happens to CT and TH (in your above illustration) when WIP is kept constant? When if ever might it make sense to operate with such a production strategy? c. Of the four different ML models we discussed, which can, and which cannot be useful for monitoring, learning and predicting CT, TH, and WIP in a production enterprise? Explain your answer. 2. (25 Pts.) Consider the modeling of production dynamics according to Little's Law. Knowing that experience with continuous improvement reduces CT, and that when CT is reduced, WIP will also reduce while TH is kept constant, explain: a. What happens when TH has to be increased by 20% for this factory? Illustrate your answer numerically. (You can use the example in Table 3, pg. 10, or your own example.) b. What happens to CT and TH (in your above illustration) when WIP is kept constant? When if ever might it make sense to operate with such a production strategy? c. Of the four different ML models we discussed, which can, and which cannot be useful for monitoring, learning and predicting CT, TH, and WIP in a production enterprise? Explain your answer.
Expert Answer:
Answer rating: 100% (QA)
Littles Law Littles Law is a theorem that determines the average number of items in a stationary que... View the full answer
Related Book For
Chemistry The Central Science
ISBN: 978-0321696724
12th edition
Authors: Theodore Brown, Eugene LeMay, Bruce Bursten, Catherine Murphy, Patrick Woodward
Posted Date:
Students also viewed these mathematics questions
-
The gradient operator, denoted \b3( three-dimensional) can be generalized to space-time four-dimensional form \b4 = (\b3.0/act)=show that t he b4 is a four-vector.
-
An IT services company located adjacent to the Glengoffe health center is considering a cabling operation to independently provide internet services for the area and is in the middle of a...
-
In problem, use formula (1) for simple interest to find each of the indicated quantities. I = $950; r = 9% ; t = 1 year ; I = ?
-
What kinds of functions of local government are usually protected by immunity?
-
Discuss the four types of responsibility centres?
-
The city of Philadelphia imposes a 10 percent tax on sales of liquor in the city. According to the citys website, the liquor tax is technically paid by retail customers at the point of sale. However,...
-
For symmetrical blading, the degree of reaction is _____.
-
The managers of Roosevelt's (a local yet upscale bar) are considering charging an admission fee on Thursday nights. They contemplate how to charge. Should they: Option 1. Use just a beverage charge...
-
4. Complete the following code such that x7 contains the sum of the negative array elements and 2x the positive array elements. la x5, scores addi x8, x0, 7 addi x7, x0, 0 END: dout x7 halt scores:...
-
A river basin is the geographic area drained by a river and its tributaries. The Mississippi River Basin is the third largest in the world and is divided into six sub-basins, whose areas are shown in...
-
The management of Office Supplies Inc. is considering dropping its least popular product, land line phones. Data from the company's accounting system related to the sales of land line phones appears...
-
21.2 g of sodium carbonate (Na2CO3) is dissolved in water and made up to 250mL: (1) How many moles of sodium carbonate are contained in 21.2 g and what is the molarity of the solution? (ii) Write the...
-
Examine the interplay and distinctions between power, leadership, and authority in criminal justice organizations and analyze the impact they have on the overall effectiveness and efficiency of the...
-
Merck Corporation manufactures blood glucose meters. Each meter sells for $50 and has a variable cost of $30. There are $120,000 in fixed costs involved in the production process. (PLEASE SHOW YOUR...
-
When President Obama was President he had discussed raising income taxes for individuals earning over $250,000 in income. Explain how these higher income taxes will affect the aggregate demand curve....
-
produce a reflective comparison of China and the U.S. in terms of social/political/economic systems. Given the focus of this course and this particular module, what is the fundamental basis for the...
-
603 The stress tensor at a point in a body is given by the following matrix with reference to x-y-z coordinates, 0-50 ksi. 306 What is the normal component of the stress vector acting on a plane, if...
-
After looking at the resources, explain what a spirit image is. Why might looking at a god and/or a human in terms of their spirit be helpful if you want to eliminate some of the divisions between...
-
The reaction between reactant A (blue spheres) and reactant B (red spheres) is shown in the following diagram: Based on this diagram, which equation best describes the reaction? (a) A2 + B A2B (b) A2...
-
(a) Which geometry and central atom hybridization would you expect in the series BH4-, CH4, NH4+? (b) What would you expect for the magnitude and direction of the bond dipoles in this series? (c)...
-
Using standard reduction potentials (Appendix E), calculate the standard emf for each of the following reactions: (a) Cl2(g) + 2 I- (aq) 2 Cl- (aq) + I2(s) (b) Ni(s) + 2 Ce4+(aq) Ni2+(aq) + 2...
-
External auditors collect consulting fees from the same clients they perform independent audits for, which allows good and close relationship with the clients. True/false
-
To deal with the turmoil caused by the various accounting scandals, the SOX Act was passed in 1999. True/false
-
Auditors should not demand full access to the entire general ledger so that they can be more focused on the audit. True/false
Study smarter with the SolutionInn App