Problem 1. What is the assignment method? How is it used to find the lowest opportunity cost for each assignment?
Problem 2. Differentiate between a push and a pull system. Which system is most likely to reduce manufacturing cycle time, and why? What system can be used with suppliers, and what is the advantage?
Problem 3. A certain product has been effectively managed in the past, according to its managers. The previous technique used the economic production quantity model, and resulted in an optimum lot size of 100. For this product, setup time is directly proportional to setup cost, and setup time is currently 40 minutes per batch. How much must setup time decline in order for the lot size to fall to 50 units? 25 units? 10 units? Explain how you determined the declines in setup time you calculated.
Problem 4. Compare, in your own words, short-term scheduling at process-focused, repetitive, and product-focused facilities.