0
- The data in the table below represent time study observations for a woodworking operation.
- Based on the observations, determine the standard time for the operation, assuming an allowance of 15 percent of job time.
- How many observation s would be needed to estimate the mean time for element 2 within 1 percent if it's true value with a 95.5 percent confidence?
- How many observations would be needed to estimate the mean time for element 2 within 0.01 minute of its true value with a 95.5 percent confidence?
Element
Performance
Rating
Observations (Minutes per Cycle)
1
2
3
4
5
6
1
110%
1.20
1.17
1.16
1.22
1.24
1.15
2
115%
0.83
0.87
0.78
0.82
0.85
1.32
3
105%
0.58
0.53
0.52
0.59
0.60
0.54
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What is cycle time in production management?
to produce a specific number in a given time
Importance of operation management?
Operations management refers to the complex set of management activities involved in planning organizing leading, and controlling an organization's operations. At one time, operations management was considered the backwater of management activities - a dirty, drab necessity. This view has changed in recent years, as more and more managers realize how operations can be a "beehive" of activity with major financial consequences for any organization.
what does it mean to monitor work operations?
Monitor operations requires management oversight, employee feedback and customer reviews. It can help provide specific directions for employees which can lead to improved time management and increased productivity.
What can time management skills help a person to do?
determine and schedule activities . :D
What are the recent trends in operations management?
Recent Trends In POM  Global Competition  Operations Strategy  Flexibility  Cycle Time Reduction  Business Process Re-engineering  Supply Chain Management  Workers Involvement  Lean Manufacturing  TQM  Global Competition  Global Market  Global Suppliers  Operations Strategy  Quality based  Time based  Flexibility  Variety of products  High Volume as well as Low Volume  Cycle Time Reduction  The less time RM (Raw Material), WIP (Work In Process), FG (Finished Goods) spend in the Manufacturing and Logistics process, the less opportunity they have to absorb costs.  Business Process Re-engineering  Value added and NVA activities  Supply Chain Management  NOT from RM storage to FG warehouse  From the original suppliers to final consumers  Workers Involvement  Workers are not costs, they are assets  Lean Manufacturing  Inventory is waste Total Quality Management
What is operating cycle in accounting management?
Operating cycle is the time which required by the business from acquiring inventory to production and selling of products and generating revenue.
What is the cav big 8?
Operations order,graphics,pcc/pci,rehearsals,force/security protection,recon and surveilence,time management,composite risk management
Differences between strategic and operations management?
operational management involves day to day management of the organisation while strategic management involves the overall management of an organisation which includes making a decision that affect the business over a long time.
Difference between operation management and project management?
Please note that this is just a brief look at the two roles, outlining some obvious differences. Project Management deals with the management of a specific project, which has a commence date, a number of tasks and a completion date. This is further explained as the management of a specific project. A Project Manager would typically oversee the delivering of projects on time, assigning tasks to developers and designers and ensuring client satisfaction. Operations Management refers to the ongoing management of daily works of a company, such as technical support, network management, etc. With Operations Management, there is no set end point. An Operations Manager would typically be involved in all operations of a company, ensuring that everything is running smoothly and that staff are delivering correctly. Let's look at an example - A web agency may have many projects running at the same time and once these projects are deployed, the project is finished, in terms of operations management, the operations manager is still occupied with the day to day support and management of the deployed project, ensuring that it is still running correctly, fixing various problems and so forth
What are the 16 Principles of operations management?
The first 8 Principles of operations management are know customer, continual rapid improvement, unified purpose, know the competition, focus, organize resources, invest in human resources, and maintain equipment. The second 8 Principles of operations management are simple best equipment, poka zoka, cut flow time, cut set up, pull system, total quality control, fix causes, and visibility management.
What is service management trinity?
The service management trinity refers to people, process, and technology, which are the three key components required for effective service management. People represent skilled individuals, process refers to best practices and workflows, and technology encompasses tools and systems utilized to deliver services efficiently and effectively. Balancing and optimizing these three components is essential for successful service management implementation.
What is data life cycle?
Data life cycle refers to the time from creation and the initial storage of data to the time that the data becomes obsolete and it is deleted. Data life cycle management is the approach to managing data using automated processes to organize data in a system.
