MSCI432 Lecture Notes - Linear Interpolation, Mass Production, Discounting

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1
Chapter-01
Ans-7 a) The focus of the current facility will be compromised.
b) The Operations V.P. may be taking a short-term view that could be
costly to the firm in the long run.
c) In order to maximize the current ROI, the CFO has chosen to limit
current investment. This could be a poor long-run strategy decision.
d) The reliability requirements for the second application are likely to be
much higher. The firm should consider producing these products in
different plants.
Ans-15 Time based competition refers to getting a product to market before
your competitors and getting to volume production before your competitors as
well. A company which has had several commercial successes by introducing
innovative products to the marketplace first is Gillette. Gillette has had
significant successes with its Atra and Sensor razors as well as the Good News
disposable razor line.
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2
Ans- 22 a) 1. Start-up
2. Rapid growth
3. Maturation
4. Stabilization or decline
b) In most circumstances, it is inappropriate to operate very far off the
diagonal. For example, a firm that produces a varied product line
with a relatively low volume for each product would not invest the
capital required for the equipment to develop a continuous flow
production line. Similarly, a firm producing few products with high
volume would not choose a jumbled flow shop for manufacturing.
Ans- 25 a) I-I
b) IV-IV
c) II-II (could be III-III depending on the product volume and diversity
of products produced)
d) III-III
e) I-I
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3
Ans-30a) ln (cum # units) ln (# hrs for next unit)
3.912 1.19
4.605 0.79
5.991 0
6.397 -.22
6.908 -.69
9.210 -1.61
b)3.0
2.5
2.0
1.5
1.0
0.5
0.0
0.5
0.1
15
ln(hours)
12345678910
ln(cumulativeunits)
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