You have read that in JIT and lean production the optimum lot size is one, with some exceptions for packaging and physical limitations. If a product currently has a lot size of 25, what must happen to setup time for the lot size to truly fall to one?
Data for this problem are D=100 units, S=$75 based on setup time of 50 minutes at $1.50 per minute, and H=$40 per unit per year.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q40: How are lean operations and the Toyota
Q85: Weekly usage of a product is 8
Q89: Daily usage of a part is 20
Q98: Identify some of the signals that kanban
Q100: Daily usage of an assembly is 100
Q118: A certain product has been effectively managed
Q125: A bakery uses 6 containers that each
Q127: A bakery uses 5 containers that hold
Q132: Identify Ohno's Seven Wastes. Which one of
Q134: Explain how JIT works in services. After
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents