Question: 3. Alcoa Inc. has analyzed the setup time on its computer-controlled lathe. The setup requires changing the type of fixture that holds a part. The

3. Alcoa Inc. has analyzed the setup time on its computer-controlled

3. Alcoa Inc. has analyzed the setup time on its computer-controlled lathe. The setup requires changing the type of fixture that holds a part. The average setup time has been 140 minutes, consisting of the following steps: a. Why should management be concerned about improving setup time? b. What do you recommend to Alcoa Inc. for improving setup time? c. How much time would be required for a setup, using your suggestion in (b)

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