22. A manufacturer is contemplating a Setup cost would b switch from buying to p

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22. A manufacturer is contemplating a Setup cost would b switch from buying to producing a certain item. e the same as ordering cost. The production rate would be about triple the usage rate. Compared to the EoQ, the economic production quantity (EPO) would be: A) The same B) Approximately 20 percent larger C) Approximately 80 percent larger D) Approximately 20 percent smaller E) Approximately 80 percent smaller 23. When using Kanban cards, if lead time increases then: A) The firm will need to increase the number of replenishment parts in inventory B) More containers will be required C) Fewer containers will be required D) Additional cross training will be needed E) None of the choices 24. Choose the answer that BEST DESCRIBES the objectives of a JIT/lean production system. I. Have zero (0) input waste II Produce defective-free output II. Operates on the basis of customers pulling product through the production IV. Engage workers in workplace design improvements V. Take advantage of periodic economies of scale system A) I, II, III & IV B) I, Il & III C) IL, III & IV D) I, 11& V E) I, II, III, IV &V;

Explanation / Answer

22)A manufacturer is contemplating a switch from buying to producing a certain item. Setup cost would be the same as ordering cost. The production rate would be about double the usage rate. Compared to the EOQ, the economic production quantity would be approximately:

C)approximately 80 percent larger

23) Lean systems maintain inventory in small lot sizes because small lot sizes enable schedules to use machine capacities more efficiently

C)fewer container will be required.

24)The lean/JIT producer combines the advantages of craft and mass production, while avoiding the high cost of the former and the rigidity of mass production. Lean/JIT producers set their sights explicitly on perfection: continually declining costs, zero defects, zero inventories, and endless product variety. Lean/JIT manufacturing is the new paradigm for manufacturing, replacing a mass-production system that has existed for more than 70 years

B)I, II &III

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