A waiting line has a(n) __________ population if, as arrivals take place, the likelihood
of additional arrivals is decreased.
You have read that in JIT and lean production the optimum lot size is one, with some
exceptions for packaging and physical limitations. If a product currently has a lot size
of 25, what must happen to setup time for the lot size to truly fall to one? Data for this
problem are D=100 units, S=$75 based on setup time of 50 minutes at $1.50 per
minute, and H=$40 per unit per year.
Henry Ford and __________ are credited with the development of the moving assembly
line.
Tom is a habitual shopper at garage sales. Last Saturday he stopped at one where there
were several types of used building materials for sale. At the low prices being asked,
Tom knew that he could resell the items in another town for a substantial gain. Four