Question: 3. In Problem 2, consider the following changes: The processing time at the bottleneck station could be reduced by 33 per cent by investing in

3. In Problem 2, consider the following changes:

The processing time at the bottleneck station could be reduced by 33 per cent by investing in better technology. The cost of this improvement is ₹160,000. If there is no demand constraint for this item, is it worthwhile to go for this improvement? How long will it take to pay back if the sale of each item leaves a contribution of ₹20 (Assume an 8 hour-per-day, 25 day-permonth steady-state operation)?

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