LEARNING CURVE CONCEPT AND ITS USEFULNESS IN MANAGEMENT DECISIONS Presented ByKriti Agarwal (A002) Aniket Rane(A046) Nitin Gupta(A024) Eshan Singh(A057) Mayank Bhatia(A013) HISTORY Introduced to the aircraft industry in 1936 by T. P. Wright in his article Journal of the Aeronautical Science He found that per unit production time reduced at an unvarying rate Since then‚ learning curves (also known as progress functions) have been applied to all types of work INTRODUCTION A graphical representation
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Lean Manufacturing/JIT Production “Continuous improvement is not about the things you do well - that’s work. Continuous improvement is about removing the things that get in the way of your work. The headaches‚ the things that slow you down‚ that’s what continuous improvement is all about.” ~Bruce Hamilton Continuous improvement is what makes companies profitable. Not only must they constantly innovate their product and services to satisfy the needs of their consumers‚ but also their
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Submitted by: Pawan Pandey Guru Jambheshwar University of Science & Technology CONTENTS 1. Acknowledgement 2. Introduction 3. Products made in the plant 4. How JCB machine works 5. To study different sections of manufacturing unit Ram Paint Shop Fabrication Shop Main Frame Assembly Line Backhoe Assembly Line Twin Slat Line PDI AND Hot Test Zone 6. Project Works Time for study motion Line Balancing Standard Operation Procedure Temperature Study of the whole plant Work Combination Table ACKNOWLEDGEMENT
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1. How did ABI handle forecast risk? • By following their business strategy guidelines: o Long term margins‚ long term technical abilities position‚ advanced technology‚ utilize project champions‚ keep plants under 480 employees • Long term variability in purchased equipment. • Investing versus non investing comparisons. • Maximizing flexibility while minimizing exposure. 2. Were ABI’s Stanhope site costs in Table 2 derived by a top-down or bottom-up process
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Dies and its Types: Die: The die may be defined as the female part of a complete tool for producing work in a press. It is also referred to a complete tool consists of a pair of mating members for producing work in a press. Types of dies: The dies may be classified according to the type of press operation and according to the method of operation. (A): According to type of press operation: According to this criterion ‚ the dies may be classified as cutting dies and forming dies. 1: Cutting
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Advantages of Carbon fibre reinforcement polymer (CFRP) Carbon fibre reinforcement polymer (CFRP) is an extremely strong and light which contains carbon fiber. Carbon Fibre Reinforced Polymer (CFRP) composite have been widely used in various applications especially used in the fabrication of aerospace structures and formula one body structures. Because of their low density‚ high strength and rigidity‚ excellent resistances to impacting and corrosion‚ CFRPs are widely applicable in various important
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software in order to improve production planning. Aslı Akbaş is the head of process planning department. She is responsible for the implementation of the ERP software‚ and she needs to know the processing times and unit cost information of all the machining processes. Aslı wants to do everything right so she puts her
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| MATERIALS &MANUFACTURING PROCESSES | OF ROVER K SERIES ENGINE | | | | Summary The aim of this report is to investigate the materials and manufacturing processes involved in the making of specific components found in a Rover K series engine. The analysis consisted of two engine strip sessions where we were able to see the components first hand by doing this we were able to apply our limited existing knowledge of materials to begin to understand the choices made in designing
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ACC/291 March 25‚2012 Liquidity Ratios Current Ratio: Current Assets/Current Liabilities 2005 $14‚555‚092/ $6‚974‚752= 2.09:1 2004 $14‚643‚456/ $6‚029‚696=2.43:1 Acid Test Ratio: Cash+ Short-Term Investments + Receivables (Net)/ Current Liabilities 2005 $305‚563 + $283‚583 +$6‚133‚663/ $6‚974‚752= .96:1 2004 $357‚216 + $133‚504 + $5‚775‚104/ $6‚029‚696=1.04:1 Receivables Turnover: Net Credit Sales/ Average Net Receivables 2005 $50‚823‚685/ ($6‚133‚663 + 5‚775‚104/2) $50‚823‚685/
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position that it cancels the effect of the unbalance. In order to use this procedure‚ we need to determine the amount and location of the eccentric mass experimentally. The unbalance in practical machines can be attributed to such irregularities as machining errors and variations in sizes of bolts‚ nuts‚ rivets‚ and welds. In this section‚ we shall consider two types of balancing: • The static unbalance can be corrected by removing (drilling) metal at the chalk mark or by adding a weight at 180°
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