utilization rates of the machines. We needed to have sufficient capacity to maintain lead times of less than a day and at most, 1 day and 9 hours. Based on the linear decrease in revenue after a lead time of one day, it takes 9 hours for the revenue to drop to $600 and our profits to be $0. In terms of when to purchase machines, we decided that buying machines as early as possible would be ideal as there was no operating costs after the initial investment in the machine. Having more machines seemed like a win-win
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Eric Volz My product is a workout machine that is used for weight training like the Bowflex, Gold Gym’s XRS, and Body-Solid Double Stack Gym, and this product allows people to workout at home; instead of, people having to fight over workout equipment at a gym. For the model: 1. Bargaining power of buyers is relatively high for a couples reasons, and one would be that there are only a few vendors of these types of workout machines that are relatively priced in the same range, so the buyer could
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In my opinion the world today is much better than it was fifty years ago, in many ways due to, technology, civil rights and medical breakthroughs. Technology today is far more advanced than it was back in 1961. Computers were not household products back then. If you look in a house today you will see at least one computer in most homes. Not only were computers not household items but flat screen televisions, cable, internet, DVD/Blu-ray player, cell phones, digital cameras/camcorders were not
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available while starting the operation within the time. Methods : This function is concerned with the analysis of all methods of manufacturing and selecting the best appropriate method according to the given set of circumstances and facilities. Machines and Equipments: It is important that methods of manufacturing should to be related to the available production facilities coupled with a detail study of equipment replacement policy. This function is concerned with the detailed analysis of the production
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COMPANY PROFILE Bajaj Steel Industries Limited (Bajaj), Nagpur, India, established in 1961, is a public limited company, listed on Bombay Stock Exchange. The company is having world class engineering setup in its various plants situated in and around Nagpur. The present activities of the company are as below: A) Manufacturing * Largest and Modern Cotton Ginning & Pressing Machinery Manufacturer in India * World class Delinting and Decorticating machinery manufacturing * World class
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Robotics is changing the face of warfare through progressive technology. Unmanned systems are a growing trend on the battlefield. These systems are not designed to provide complete human replacement, but rather to enhance human capabilities. The advantages of such a strategy are immense. Autonomous systems provide capabilities that are not subject to human error. Additionally, the operator has more options available and can be more flexible in dangerous situations. Unmanned systems can react
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purpose Lathe machines having turning capacity up to 750 mm. 2. Two heavy duty 7 foot Lathe machines with 300 mm center height. 3. One 5 foot heavy duty Lathe machine 250 mm center height. 4. Cylindrical Grinding machine with 250 mm center height. 5. Milling Machine 6. Surface grinding machine. 7. Argo Drilling machine. We are also
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preservatives manufacturing company. The text is a description of a meeting between four managers concerned with the decision and presents their evidence to the management committee together with their personal views as to which of two alternative machines ought to be bought. No conclusion is reached in the case. Some notes on the Rochem Ltd case exercise The equipment purchase decision in general It is unusual for facilities to be chosen on one criterion only. For example, if a piece of equipment
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tour guide told us that there are eighty-two machining operations at the facility. As we walked through the plant, he pointed several of them out and what exactly each machine does. Some of the machines were responsible for machining large pumps, whereas others were specifically designed for smaller operations. The variety of the machines as well as the pumps and valves was amazing. Our tour guide showed us some that were small enough to hold in your hand and go on regular water or air lines, and he
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Decisions Made A summary of the rationale behind the key decisions made would perhaps best explain the results we achieved. . Decision 1 Day | Parameter | Value | 54 | station 1 machine count | 2 | When the exercise started, we decided that when the lead time hit 1 day, we would buy one station 1 machine based on our analysis that station 1 takes the longest time which is 0.221 hrs simulation time per batch. (Exhibit 2: Average time per batch of each station). As day 7 and day 8 have
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