The figure above shows the process for paying tuition at a m…

The figure above shows the process for paying tuition at a major university. Students receive their bill, for the next term, for review. They are directed to different tables for clarifications, before being asked to pay their tuition at E. The numbers in parentheses are the time in minutes for each step of the process. Where would you expect student wait times to occur?

Consider the following production process. It is trying to m…

Consider the following production process. It is trying to meet a market demand of 500 units per week. Step 1: Material release schedule Step 2: Drilling (capacity is 400 units/week) Step 3: Tapping (capacity is 450 units/week) Step 4: Grinding (capacity is 600 units/week) Step 5: Coating (capacity is 500 units/week) Step 6: Inspection (capacity is 1,000 units/week) Question: According to the principles of drum-buffer-rope, where should buffers be placed?

Sunny Side Up has an average demand of 12,000 eggs per week…

Sunny Side Up has an average demand of 12,000 eggs per week with a standard deviation of 3,000 eggs. The average lead time is weeks. The holding cost is $1/egg and the ordering cost is $50/order.  What is the reorder point if z=1.65 (same as a 95% service level)?

Tom Bergman, owner and operator of the Earplug Superstore, i…

Tom Bergman, owner and operator of the Earplug Superstore, is reviewing the costs associated with the store’s best-selling hearing aid, the BZ15. The data available to Dr. Bergman concerning this device follow.   Demand = 10 units/week Order cost = $3/order Holding cost = $1/unit/year The Earplug Superstore operates 52 weeks a year.   If Tom decides to order at the economic order quantity, what is the sum of the annual ordering cost and holding cost?