19-33 Waiting times, manufacturing cycle times. The IVplast Corporation uses an injection molding ma-chine to make a plastic product, Z39, after receiving firm orders from its customers. IVplast estimates that itwill receive 40 orders for Z39 during the coming year. Each order of Z39 will take 120 hours of machine time.The annual machine capacity is 6,800 hours.1. Calculate (a) the average amount of time that an order for Z39 will wait in line before it is processed and(b) the average manufacturing cycle time per order for Z39.

Manufacturing cycle time is the time required to transform the raw materials and resources into…

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Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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1. Calculate (a) the average amount of time that an order for Z39 will wait in line before it is processed and (b) the average manufacturing cycle time per order for Z39.