About this document

Cost-Benefit Analysis of New Components by Elliot Richard is a document available to read on EtoBox.

Here are the key steps to calculate the average waiting time: - Annual machine hours available = 7,200 hours - Machine runs 24/7 so hours available per day = 7,200/365 = 20 hours - Manufacturing time per order = 20 minutes = 0.33 hours - Annual orders = 18,000 - Orders per day = Annual orders/365 = 18,000/365 = 49 orders per day - Machine time required per day = Orders per day x Manufacturing time per order = 49 x 0.33 = 16.17 hours - Machine time available per day = 20 hours - Machine utilization per day

Author

Elliot Richard

Language

EN