A firm has redesigned its production process so that it now takes 10 hours for a unit
Question:
A firm has redesigned its production process so that it now takes 10 hours for a unit to be made. Using the old process, it took 15 hours to make a unit. If the process makes one unit each hour on average and each unit is worth $ 1,500, what is the reduction in work- in-process value?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (4 reviews)
Using Littles Law we know that Inventory Throu...View the full answer
Answered By
Nazrin Ziad
I am a post graduate in Zoology with specialization in Entomology.I also have a Bachelor degree in Education.I posess more than 10 years of teaching as well as tutoring experience.I have done a project on histopathological analysis on alcohol treated liver of Albino Mice.
I can deal with every field under Biology from basic to advanced level.I can also guide you for your project works related to biological subjects other than tutoring.You can also seek my help for cracking competitive exams with biology as one of the subjects.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Operations and Supply Chain Management
ISBN: 978-0078024023
14th edition
Authors: F. Robert Jacobs, Richard Chase
Question Posted:
Students also viewed these Management Leadership questions
-
A study is to be made using liquid ammonia as the fuel in a gas-turbine engine. Consider the compression and combustion processes of this engine. a. Air enters the compressor at 100 kPa, 25C, and is...
-
Show how the following compounds can be made using the malonic ester synthesis. (a) 3-phenylpropanoic acid (b) 2-methylpropanoic acid (c) 4-phenylbutanoic acid (d) Cyclopentanecarboxylic acid
-
Which of the following predictions can be made using the growth rates associated with the equation of exchange, given that velocity is stable and that the economy moves to its potential output (YP)...
-
1. Describe briefly how computers work and become tools for committing cyber-related crimes. 2. Use of proxies and VPNs is one of the methods cybercriminals try to cover their digital track and...
-
In Exercises 1-3, determine whether the angle between u and v is acute, obtuse, or a right angle. 1. 2. 3. u = [4, 3, - 1] , v = [ l , - 1 , l] 0 LI
-
A social scientist would like to analyze the relationship between educational attainment and salary. He collects the following sample data, where Education refers to years of higher education and...
-
Associated British Foods is a diversified international food, ingredients and retail group with sales of 12.9bn, and 118,000 employees in 47 countries across Europe, southern Africa, the Americas,...
-
The return on the Tarheel Corporation stock is expected to be 14 percent with a standard deviation of 8 percent. The beta of Tarheel is 0.8. The risk-free rate is 7 percent, and the expected return...
-
You have a loan outstanding. It requires making eight annual payments of $6,000 each at the end of the next eight years. Your bank has offered to allow you to skip making the next seven payments in...
-
Miriam is a business consultant. She provided the following information at the end of her first year on 30 September 204. $ Office expenses .................................. 7,250 Wages...
-
You are in a line at the bank drive-through and 10 cars are in front of you. You estimate that the clerk is taking about five minutes per car to serve. How long do you expect to wait in line?
-
Avis Company is a car rental company that is located three miles from the Los Angeles airport (LAX). Avis is dispatching a bus from its offices to the airport every 2 minutes. The average traveling...
-
Suppose that you want to conduct a left-tailed hypothesis test at the 5% significance level. How must the critical value be chosen? In problem pertain to the critical-value approach to hypothesis...
-
What information would you find when researching the labour market?
-
Identify and research a US public company in your pathway. It should be on the Fortune 500 list. Don't use a company that someone has already used. Access their most recent (less than 12 months)...
-
What would Ellen most likely recomended to the executive team with regard to trade-offs?
-
What might other firms learn from Walmart's experience regarding application forms, selection decisions, accommodations, management training, and other human resource management issues discussed in...
-
What would the 4'P for a dental office be that provides Dental Crown, Teeth Whitening, Root Canal Dental, Hygiene Services, Dental Implant, Abscess Incision and Drainage, Cosmetic Procedures, Teeth...
-
Marc Chardon knows that when he talks about the flight to quality, he has to explain himself. When I say flight to quality, he says, Im talking about the observable trend of donors deciding to...
-
Flicker, Inc., a closely held corporation, acquired a passive activity this year. Gross income from operations of the activity was $160,000. Operating expenses, not including depreciation, were...
-
What is the difference between a management buy-in and a management buy-out?
-
Clay runs a small hotdog stand in downtown Chapel Hill. Clay can serve about 30 customers an hour. During lunchtime, customers randomly arrive at a rate of 20 per hour. a. What percentage of the time...
-
Peri Thompson is the sole dispatcher for Thompson Termite Control. Peris job is to take customer calls, schedule appointments, and in some cases resolve any service or billing questions while the...
-
Benson Racing is training a new pit crew for its racing team. For its rst practice run, the pit crew is able to complete all the tasks in exactly 30 secondsnot exactly world-class. The second time...
-
Provide an overview of the best practices in risk identification during the risk identification step.
-
Explain what role does "Lead Time and Process Speed" play in the implementation of Lean Six Sigma?
-
In recent years, some Walmart workers have staged public protests about inadequate wages and unfair treatment. A number of these employees claim that management has retaliated against them for...
Study smarter with the SolutionInn App