Question: [15 points] Value stream mapping is a way to see the flow of material and information in a process. A value stream map is much

[15 points] Value stream mapping is a way to see the flow of material and information in a process. A value stream map is much like a flowchart, but it usually incorporates other information about the activities that are occurring at each step in the process and the information that is required or generated.

a. What is the definition of Lead Time (LT)? b. What is the definition of Processing Time (PT)? c. What is the definition of Cycle Time (CT)? d. Lets consider a healthcare system in which the total value-add time is 24 minutes and the total process cycle time is 10 hours. What is the process cycle efficiency of the healthcare system? e. Consider a manufacturing system below. What is the process cycle efficiency of the manufacturing system?

Shifts per day: 1

Hours available per shift: 8

Break minutes per shift: 30

Net minutes available per shift: 450

Production Lead Time (days): 2.39

Value Added Time (seconds): 97

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