Homework_Ch5

Homework_Ch5 - Homework - Chapter 5 1. Explain how having...

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Homework - Chapter 5 1. Explain how having more work-in-process inventory can improve the efficiency of a process? What are the disadvantages of having more work-in-process inventory? 2. A local market research firm has just won a contract for several thousand small projects involving data gathering and statistical analysis. In the past the firm has assigned each project to a single member of its highly trained professional staff. This person would both gather and analyze the data. Using this approach an experienced person can complete an average of 10 such projects in an eight-hour day. The firm’s management is thinking of assigning two people to each project in order to allow them to specialize and become more efficient. The process would require the data gatherer to fill out a matrix on the computer, check it, and transmit it to the statistical analysis program for the analyst to complete. Data can be gathered on one project while the analysis is being completed on another, but the
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This note was uploaded on 09/29/2011 for the course MGT 3501 taught by Professor Chang during the Fall '10 term at Georgia Tech.

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Homework_Ch5 - Homework - Chapter 5 1. Explain how having...

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