Podcast
Questions and Answers
What does N stand for in the given content?
What does N stand for in the given content?
- Net profit in production
- Nominal value for machine capacity
- Negative influence on production capacity
- Number of machines required in production (correct)
Which factor does NOT influence the process and equipment selection?
Which factor does NOT influence the process and equipment selection?
- Availability of skilled labor (correct)
- Functional versatility
- Minimum set-up time
- Durability and dependability
What strategy involves producing at a constant rate and using inventory to absorb demand fluctuations?
What strategy involves producing at a constant rate and using inventory to absorb demand fluctuations?
- Chase demand
- Peak demand
- Level production (correct)
- Proactive demand management
In Capacity Planning, what is the purpose of establishing a company-wide game plan for allocating resources?
In Capacity Planning, what is the purpose of establishing a company-wide game plan for allocating resources?
What is the hiring cost per worker mentioned in the text?
What is the hiring cost per worker mentioned in the text?
Which strategy involves maintaining resources for high-demand levels?
Which strategy involves maintaining resources for high-demand levels?
What does CAPP stand for in the context provided?
What does CAPP stand for in the context provided?
Which quantitative technique is NOT mentioned for Aggregate Production Planning (APP) in the text?
Which quantitative technique is NOT mentioned for Aggregate Production Planning (APP) in the text?
What is the purpose of the Mixed Strategy in production planning?
What is the purpose of the Mixed Strategy in production planning?
What is the cost calculation formula for Level Production Strategy mentioned in the text?
What is the cost calculation formula for Level Production Strategy mentioned in the text?
What is the primary reason for economies of scale?
What is the primary reason for economies of scale?
When does the cost per unit of output rise as volume increases?
When does the cost per unit of output rise as volume increases?
At what point do diseconomies of scale start to take effect in the given example?
At what point do diseconomies of scale start to take effect in the given example?
What is the result of producing more products and gaining experience in the best production methods?
What is the result of producing more products and gaining experience in the best production methods?
What is the Best Operating Level?
What is the Best Operating Level?
What is one of the ways to maximize the return on investment (ROI) for plant and machinery?
What is one of the ways to maximize the return on investment (ROI) for plant and machinery?
What formula is used to calculate the number of machines required for a specific job?
What formula is used to calculate the number of machines required for a specific job?
What is the standard time for a job on the milling machine, according to the given details?
What is the standard time for a job on the milling machine, according to the given details?
How many jobs are to be produced, based on the given details?
How many jobs are to be produced, based on the given details?
What is the machine capacity, according to the given details?
What is the machine capacity, according to the given details?
What is the machine utilization rate, based on the given details?
What is the machine utilization rate, based on the given details?
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