What is the role of judgment and evaluation in simulation?

Your response should be at least 75 words in length.

Question 2

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Discuss the three financial measures a firm uses to determine its ability to make money.

Your response should be at least 75 words in length.

Question 3

Where in a dependent events sequence should an in-process quality inspection be placed? Why there?

Your response should be at least 75 words in length.

Question 4

You have run a capacity resource profile on your shop. Products have been routed sequentially through resources A, B, C, and D. The capacity resource profile tells you that resource A is scheduled at 95% of capacity, resource B at 80% of capacity, resource C at 130% of capacity, and resource D at 100% of capacity. Assuming that the data we used to calculate the capacity resource profile was accurate, how would you employ the “drum, buffer, rope” thinking?

Your response should be at least 75 words in length.

Question 5

In discussing batch size on an assembly line, the textbook makes the point that “one” and “infinity” are equally correct answers. How can this be?

Your response should be at least 75 words in length.

Question 6

A work center has five jobs assigned to it. They are labeled, in the order of their arrival in the shop, as jobs A, B, C, D, and E. The work center may work on only one job at a time and must complete any job it starts before starting another job. Job A has a processing time of 6 days and is due to the customer in 9 days. Job B has a processing time of 2 days and is due in 16 days. Job C has a processing time of 4 days and is due in 10 days. Job D has a processing time of 3 days and is due in 7 days. Job E has a processing time of 5 days and is due in 12 days. Using the earliest due date (EDD) priority rule, what will be the average lateness of these orders?

Your response should be at least 75 words in length.

Question 7

What is the difference between finite and infinite loading?

Your response should be at least 75 words in length.

Question 8

Describe how cost accounting is sometimes antithetical to the Theory of Constraints (TOC).

Your response should be at least 75 words in length.

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