Question: To make a given part interchangeable, it was necessary to reduce the tolerance on the outside diameter from 0.010 to 0.005 at a resulting cost

To make a given part interchangeable, it was necessary to reduce the tolerance on the outside diameter from ±0.010 to ±0.005 at a resulting cost increase of 50 percent of the turning operation. The turning operation represented 20 percent of the total cost. By making the part interchangeable, the volume of this part could be increased by 30 percent. The increase in volume would permit production at 90 percent of the former cost. Should the methods engineer proceed with the tolerance change? Explain.

Step by Step Solution

★★★★★

3.45 Rating (164 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Obviously the change s... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

1439-B-H-R-M-E-R(299).docx

120 KBs Word File

Students Have Also Explored These Related Human Resource Management Questions!

The finish tolerance on the shaft in Figure 3-4 was changed from 0.004 inches to 0.008 inches. How much cost improvement resulted from this change?

A plain milling cutter 3 inches in diameter with a width of face of 2 inches is being used to mill a piece of cold-rolled steel 11/2 inches wide and 4 inches long. The depth of cut is inch. How long...

a) Draw the fault tree given by the Boolean expression T = AB + CDE + F. b) The severity of T is 100 lost work days/accident. The probabilities of the basic events are: A=0.02, B=0.03, C=0.01, D=05,...

To make a given part interchangeable, it was necessary to reduce the tolerance on the outside diameter from + - 0 . 0 1 0 to + - 0 . 0 0 5 at a resulting cost increase of 5 0 percent of the turning...

im have to make research paper about that so I need to summarize of this 5 page. please help me IJPPM 58,3 268 11 Plate 3. Failed heat-treat fixture Control phase The results of the new fixture were...

informs Vol. 34, No. 3, May-June 2004, pp. 191-205 issn 0092-2102 \u0001 eissn 1526-551X \u0001 04 \u0001 3403 \u0001 0191 doi 10.1287/inte.1030.0068 2004 INFORMS Inventory Decisions in Dell's Supply...

What changes would you make to the company's current target costing system and strategy? Olympus Optical Company, Ltd. (A): Cost Management for Short Life-Cycle Products Introduction Olympus, which...

Using the U.S. Securities and Exchange Commission?s EDGAR database, select a public company that has consolidated subsidiaries. To minimize the chances of classmates selecting the same company,...

SA-TIED YOUNG SCHOLARS PROGRAMME Young Scholars This paper was produced as a part of the SA-TIED Young Scholars' programme. The programme is a part of SATIED's capacity building initiatives, designed...

Objectives Develop experience in working with a team. Review real world problems, and identify elements of decision-making, analyze the problem and its various elements, describe the theories used to...

Srorm Software wants to issue $110 million ($1,100 x 100,000 bonds) in new capital to fund new opportunities. If Storm raised the $110 million of new capital in a straight-debt 20-year bond offering,...

1. How was the obscure little firm of "accounting and engineering advisors" able to grow into the world's most prestigious consulting firm fifty years later? What was the unique source of competitive...

In setting yo the value of an online conversion action what should you do

49. According to the National Association of Colleges and Employers, the 2000 mean annual salary of business degree graduates in accounting was $37,000 (Time, May 8, 2000). In a follow-up study in...

A grower estimates that if he picks his apple crop now, he will obtain 1000 boxes of apples, which he can sell at $3 per box. However, he thinks his crop will increase by 120 boxes of apples for each...

Bob Johnson decided to purchase a new home. After looking at tracts of new homes, he decided .that a custom-built home was preferable. He hired an architect to prepare the drawings. In due time, the...

Venus Computer can produce 23,000 personal computers a year on its daytime shift. The fixed manufacturing costs per year are $2 million and the total labor cost is $9,109,000. To increase its...

32. The value of a bond is calculated * 1 point using the present value of discounted cash flows. What is the discount rate? A. The discount rate is the rate of return required for an investor to...

Answer it. Performance Task 1 Make a study about how many sheets of paper you consumed weekly in answering your Self Learning Modules. Record the quantity (total number of sheets) per subject, then...

Common Stock valuation: Negative growth, Nick is a security analyst in an investment banking firm. His supervisor asked him to evaluate a preferred stock. The par value of the preferred stock is $100...