Market Requirements Drive The Choice Of Shop Floor Process

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Register to read the introduction… "Today's kanban research is the modern equivalent of yesterday's economic order quantity research." Do you agree? Explain your answer.
2. There is considerable evidence that getting the correct operating conditions is more important than the choice between MRP, kanban, or reorder point methods in the MPC system. How general do you believe this situation to be?

9. (TCO 6) Market requirements drive the choice of the shop floor system approach. Describe and explain the type of market requirements that would be suitable for an MRP-based system, along the lines of product design, product variety, product volume per period, product mix changes, and delivery schedule changes. (Points : 25)
10. (TCO 10) Manufacturing strategy also drives the choice of shop floor system. Describe and explain the strategies that lend themselves to a JIT-based system, from the perspective of WIP, changeover cost, and process choice. (Points : 25)

BSOP 429 Week 8 Final Exam - Set 2
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1. (TCO 4) The two different approaches to load work centers in job-shop scheduling are (Points : 5)
2. (TCO 2) The priority rule where jobs are processed according to the smallest ratio of due date to processing time is (Points :
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(TCO 13, 14) XYZ coating company has reviewed four new processes for improving their coating line. The four processes, labeled A, B, C, and D use different technology and have different capacities. All the processes have the same level of production and the lifetime. The four states of nature represent four levels of consumer acceptance of the firm's products. Values in the table are net present value of future profits in millions of dollars. Forecasts indicate that there is a 0.4 probability of acceptance level 1, 0.3 chance of acceptance level 2, 0.6 chance of acceptance level 3, and 0.5 change of acceptance level 4………..Using the criterion of expected monetary value, which production alternative should be chosen? (Points :

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