...This is a game in which each player draws (without looking) three cards. Each card has a numbers 1 to 9 on the cards. The players then place their cards on their heads so that everyone but themselves can see the cards. The object of the game is to guess what cards you have on your head. The first person that guesses this correctly wins the game. During the play, each player, inturn, draws a question from a stack of question randomly but in turn. The player then will answer that question based on the cards that they see ( not their own cards , which they can’t see). In this problem Andy has three cards: 1, 5, and 7 Belle has three cards as well 5, 4, and 7. Also Carol has three cards too she has 2, 4, and6, Belle draws the question card that says “ Of the five odd numbers how many do you see?” and she said “I see all of them.” From that I can determine that I have a 3, and a9 on my head because I do not see them on anyone else‘s head. Andy says “I know what three cards that I have on my head they are 1,5,and 7” Andy drew the question “Do you see two or more players whose cards sum to the same value?” to which he answered “Yes” . Andy’s cards sum to 13, Belle cards sum to 16 and Carol’s cards sum is 12. Therefore my cards must equal the sum of one of those numbers. My cards cannot sum to 12 like Carol’s because I need to have a third card on my head, so therefore my cards must equal 13 or 16. My cards cannot equal the sum of 13 because Andy said that he has a 1, 5, and...
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...reasons, it is important to reduce the production cost and to add more value to products. In addition, unlike European and American work style, Japanese working culture includes group consciousness, sense of equality - little discrimination between blue-collars and white-collars -, desire to improve consistently, centralized their life around work and lifetime employment system. These features caused the consideration of full usage of workers capabilities in the production system. Because of these reasons, Toyota Motor Company decided to use Just-In-Time (JIT) production system and Kanban was developed. Toyota planned JIT and put into operation these two concepts: reduction of cost through elimination of waste and to make full use of the workers’ capabilities. Actually, the phenomena of elimination of non-value added waste was applied by Henry Ford in the early 19th century and later was developed by Taiichi Ohno in Toyota. 2. An Overview of Kanban System The...
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...final product. For example, in a plant that manufactured bicycles, dependent demand inventory items might include aluminum, tires, seats, and derailleurs. The first MRP systems of inventory management evolved in the 1940s and 1950s. They used mainframe computers to explode information from a bill of materials for a certain finished product into a production and purchasing plan for components. Before long, MRP was expanded to include information feedback loops so that production personnel could change and update the inputs into the system as needed. The next generation of MRP, known as manufacturing resources planning or MRP II, also incorporated marketing, finance, accounting, engineering, and human resources aspects into the planning process. A related concept that expands on MRP is enterprise resources planning (ERP), which uses computer technology to link the various functional areas across an entire business enterprise. MRP works backward from a production plan for finished goods to develop requirements for components and raw materials. "MRP begins with a schedule for finished goods that is converted into a schedule of requirements for the subassemblies, component parts, and raw materials needed to produce the finished items in the specified time frame," William J. Stevenson wrote in his book Production/Operations Management. "Thus, MRP is designed to answer three questions: what is needed? how much is needed? and when is it needed?" MRP...
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...Grading Summary These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below. | Date Taken: | 4/9/2013 | Time Spent: | 1 h , 22 min , 57 secs | Points Received: | 54 / 60 (90%) | | Question Type: | # Of Questions: | # Correct: | Multiple Choice | 10 | 7 | Matching | 1 | 1 | Short | 6 | N/A | | | Grade Details - All Questions | Page: | 1 2 | 1. | Question : | (TCO 3) Which one of the following is not a JIT Quality tactic? | | | Student Answer: | | use of statistical process control | | | | empowered employees | | | | fail safe methods | | | | provide immediate feedback | | | | use large lot sizes | | Instructor Explanation: | Chapter 16, Page 635 | | | | Points Received: | 2 of 2 | | Comments: | | | | 2. | Question : | (TCO 3) Manufacturing cycle time is best defined as the: | | | Student Answer: | | time between arrival of raw materials and the shipping of finished products | | | | time it takes a unit to move from one workstation to the next | | | | time between the start of one unit and the start of the next unit | | | | time from raw materials shipment to finished product exit | | Instructor Explanation: | Chapter 16, Page 624 | | | | Points Received: | 2 of 2 | | Comments: | | | | 3. | Question : | (TCO 3) Reduction...
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...35353 Regression Analysis Mini Conference Report Interest Rate Movement in Australia Analysts: Conrad Gutierrez – 10169050 Contents page: Introduction 3 Methodology 4 Multiple Linear Regression 4 * Model Assumptions 4 Full Model 5 New Full Model 7 Finding the Best Model * Method 1: Stepwise Regression 9 * Method 2: Forward Selection 11 * Method 3: Backward Elimination 12 * Method 4: Best Subset Selection 14 Analysis of the best model 15 * Model 1 15 * Model 2 21 Model Comparison 25 Conclusion 26 Comment 27 Introduction Changes in interest rates are an inherent factor in the Australian economy. Its movements are a response to our economic cycle. Our daily lives, are directly affected by its movements and after effects, from other factors that may determine our standard of living for a period of time. Although the degree of this effect varies on different levels, it would be wrong to assume there will be selective people who won’t be touched by changes in interest rates. As everyone with knowledge in Finance would have learned that, “a dollar today is no longer worth a dollar tomorrow”. Interest rate movements can have profitable and disastrous outcomes for many individuals. Take middle families with mortgages for example, in anticipation of the Reserve...
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...TOYOTA PRODUCTION SYSTEM BASIC HANDBOOK TABLE OF CONTENTS Introduction & History of the Toyota Production System ........................ 3 Goals of the Toyota Production System. ................................................. 4 TPS Model Overview............................................................................5-6 Respect for People .................................................................................. 7 Focus Areas of TPS ................................................................................ 8 Eliminating Waste..........................................................................9-10 Quality .........................................................................................11-12 Cost. ................................................................................................. 13 Productivity....................................................................................... 14 Safety & Morale ................................................................................ 15 Jidoka . .............................................................................................16-18 Standardization……………………………………………………………….19 Just in Time ........................................................................................... 20 Pull Production………………………………………………………………..21 Kanban……………………………………………………………………..22-23 Level Production.................................................................................... 24 Takt...
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...Caribbean Maritime Institute School of Academic Studies Associate Applied Science Degree in Industrial System, Operation & Maintenance Production Systems Group Assignment #3 Name and ID Number: Gavin Francis 20146834 Shelair Venair 20147670 Chevaughn Wright 20132043 Tevin Kitson 20146857 Brian White 20132042 Alex Mcfalane 20147378 Stream: II Course Name: Production System Date of Submission: November 16, 2015 Lecturer’s Name: Mr. Wynter 1. Discuss the terms Method Study and Work Study in relation to management control procedures. Answer: Method Study: Systematic recording and critical examination of existing and proposed ways of doing work, as a means of developing and applying easier and more effective methods and reducing cost. Advantages include: * Improvement in use of all inputs * Economy in human effort * Layout improvement * Improvement in design of plant and machinery * Improvement in safety standards and procedures * Better working environment Work Study: The systematic examination of the method of carrying on activities so as to improve the effective use of resources and to set up standards of performance for the activities being carried out. Benefits include: *...
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...Risk is the likelihood that a loss will occur. Losses occur when a threat exposes a vulnerability Threat—A threat is any activity that represents a possible danger. • Vulnerability—A vulnerability is a weakness. • Loss—A loss results in a compromise to business functions or assets. Assets can have both tangible and intangible values. The tangible value is the actual cost of the asset. The intangible value is value that cannot be measured by cost, Tangible includes • Computer systems—Servers, desktop PCs, and mobile computers are all tangible assets. • Network components—Routers, switches, firewalls, and any other components necessary to keep the network running are assets. • Software applications—Any application that can be installed on a computer system is considered a tangible asset. • Data—This includes the largescale databases that are integral to many businesses. It also includes the data used and manipulated by each employee or custome The intangible value includes: • Future lost revenue—Any additional purchases the customers make with the other company is a loss to your company. • Cost of gaining the customer—A lot of money is invested to attract customers. It is much easier to sell to a repeat customer than it is to acquire a new customer. If you lose a customer, you lose the investment. Customer influence—Customers have friends, families, and business partners. They commonly share their experience with others, especially if the experience is...
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...TOYOTA PRODUCTION SYSTEM BASIC HANDBOOK TABLE OF CONTENTS Introduction & History of the Toyota Production System ........................ 3 Goals of the Toyota Production System. ................................................. 4 TPS Model Overview............................................................................5-6 Respect for People .................................................................................. 7 Focus Areas of TPS ................................................................................ 8 Eliminating Waste..........................................................................9-10 Quality .........................................................................................11-12 Cost. ................................................................................................. 13 Productivity....................................................................................... 14 Safety & Morale ................................................................................ 15 Jidoka . .............................................................................................16-18 Standardization……………………………………………………………….19 Just in Time ........................................................................................... 20 Pull Production………………………………………………………………..21 Kanban……………………………………………………………………..22-23 Level Production...............................................................................
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...Strayer University August 30, 2013 “Data mining is a process that uses statistical, mathematical, artificial intelligence, and machine learning techniques to extract and identify useful information and subsequent knowledge from large databases, including data warehouses” (Turban, 2011). Predictive analytics serves as a benefit of data mining because it’s a process that uses machine learning to analyze data and make predictions. This can be beneficial to a business because it can be helpful in understanding the behavior of customers. A good example of this would be a business using predictive analytics to decide what level of pricing should be used in correlation with sales information. A business could look at historical data for products, sales, and customers to determine the price for a given product and customer at the right time. Amazon is a heavy user of predictive pricing (Mehra, 2013). This technique is also used in Supply Chain Management because it helps you to understand consumer demand to manage the overall process. This includes delivery, returns, forecasting, sourcing, planning, and order fulfillment. The advantage is if a retailer can predict revenue from a specific product in a reasonable amount of time it will result in better inventory management, use of space, cash flow, and the elimination of out of stock items. Association discovery in products sold to customers is used to determine if a pattern is discovered based on a relationship between...
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... Hanna Barbara most likely never dreamed of how such a device could advance and impact businesses in 2013. Radio frequency identification (RFID) has the capability to identify an item, gather information about the item and transpose that information into a computer system all without human assistance. RFID technology is centered around the concept of using radio waves to identify selected objects. RFID technology can be utilized in the business and manufacturing arena in more ways than one can truly imagine. In this essay I will discuss the general concept of how RFID works, the current uses of the technology, and potential uses of RFID in the future. A radio frequency identification system consists of three components. The system has a scanning antenna, a transceiver with a decoder to interpret the data, and a transponder, which is the RFID tag. An RFID system will not operate without having some form of each of these components. The scanning antenna enables the system to communicate with the transponder (the RFID tag) while it also provides the RFID tag with sufficient energy to communicate. This step of the process is accomplished by the antenna constantly emitting radio frequency signals. The antenna is basically searching for an RFID tag by recognizing the activation signal, which is put off by the tag. RFID tags contain microchips, which can be programmed with...
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...White Paper Lean Manufacturing Lean Manufacturing Table of Contents Executive Summary.......................................................................................................................................................................................2 Introduction .......................................................................................................................................................................................................4 Lean Manufacturing—So What? .................................................................................................................................................4 Objectives .................................................................................................................................................................................................6 The Manufacturing Challenge .................................................................................................................................................................7 Globalization and Competitive Pressure ................................................................................................................................7 Mass Production to Mass Customization ...............................................................................................................................7 Shortening Product Life Cycles........................................................................
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...Q1. NAME AND DESCRIBE THREE AUTHENTICATION METHODS. Authentication is defined by Essentials Guide as is the process of determining whether someone or something is, in fact, who or what it is declared to be. Authentication means verifying the identity of someone (a user, device, or an entity) who wants to access data, resources, or applications. Validating that identity establishes a trust relationship for further interactions. Authentication is the first step in access control, and there are three common methods used for authentication: What you have method: – Examples of this method includes keys, badges, ID, pass cards/smart card, tokens. These are physical objects and go towards identifying you by what you physically “own”. A smart card is credit card sized card that has an embedded certificate used to identify the holder. The obvious problem here is that objects can be taken and are not tied or "signed" to any particular person. This makes it easy to loan your verification for temporary uses like valet parking, but objects can be stolen. Keys can be duplicated and IDs can be faked, What you are method: - DNA, fingerprints, voice match, cadence of your typing, your walk, talk, act. Your smell, shoeprints, aura, your retinal scan, your vein patterns. Anything that leaves the impression of YOU, but nothing that can come from someone else. These are things that can be taken from you. They cannot be faked but can be stolen. Secondary level of security, what you are is better...
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...to keep everyone busy on the theory that idleness waste money. These traditional views often aided and abetted by traditional management practices. Just-in-time (JIT) is an inventory strategy that strives to improve a business's return on investment by reducing in-process inventory and associated carrying costs. To meet JIT objectives, the process relies on signals between different points in the process, which tell production when to make the next part. Kanban are usually 'tickets' but can be simple visual signals, such as the presence or absence of a part on a shelf. Implemented correctly, JIT can improve a manufacturing organization's return on investment, quality, and efficiency. Different from JIT in that it is externally focused on the customer, lean operation starts with understanding what the customer wants. Lean production Optimize the entire process from the customer’s perspective. It is the systematic removal of waste by all members of the organization from all areas of the values stream. Lean is often referred to as a cost-reduction mechanism. Lean strives to make Lean, six sigma and lean sigma organizations more competitive in the market by increasing efficiency, decreasing costs incurred due to elimination of non-value-adding (VA) steps and inefficiencies in the processes as well as reducing cycle times and increasing profit for the organization. Objectives of the Study There are some particular objectives making this assignment...
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...FINAL REPORT SUPPLY CHAIN MANAGEMENT IN AUTOMOTIVE INDUSRTY MARCH 13, 2015 TABLE OF CONTENTS INTRODUCTION 2 OVERVIEW OF SUPPLY CHAIN STRATEGY: 3 FORD: LOGISTICS AND SUPPLY CHAIN STRATEGY 3 About the company 3 Features of Ford system of manufacturing 4 Supply chain Design 4 Push Pull Strategy 5 Best practices 6 TOYOTA: LOGISTICS AND SUPPLY CHAIN STRATEGY 6 About the Company 6 Supply chain design 7 Key features of Toyota business model 7 Drivers of supply chain 8 Parts Ordering 9 Parts and Supplier Master 9 Forecasting 9 Toyota distribution model 10 Best practices 10 COMPARISON 10 ISSUES 11 RECOMMENDATIONS 12 REFRENCES 13 INTRODUCTION The Indian automotive industry, comprising vehicle and component manufacturers, has grown steadily since the economic liberalization of the early 1990’s. The arrival of major global auto companies has galvanised the domestic sector into adopting Supply Chain best practices. The changing business conditions of the 21st century has led to companies facing issues ranging from globalisation, economic uncertainty to new technologies and increasing consumer demands. In the automobile industry, as manufacturers design and build vehicles globally, their supply chains become increasingly complex with challenges that often stand in the way of profitability and higher shareholder value such as long order-to-delivery lead times, unreliable production schedules, excess inventory...
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