What three main categories of costs are considered in figuring out the total cost of ownership?
Acquisition costs, ownership costs, and post-ownership costs.
After adjusting for discounts, incentives, closing fees, and other necessary expenditures, but before sales taxes, an acquisitioncost, also known as the cost of acquisition, is the overall cost that a corporation recognizes on its books for property or equipment.
The cost of ownershipis the total of all costs associated with the acquisition, operation, and maintenance of an asset over its lifetime. It's a financial study that lays out all of the current and future costs of acquiring the asset.
The cost of ownership (TCO) comprises the asset's purchase price as well as running expenditures during its lifetime.
The cost of ownership is a method of determining a purchase's long-term value to a company or individual.
All expenditures incurred by the company after the finished product has reached the end client are referred to as post-ownership costs. Warranty expenses, environmental costs, product liability costs, and reputational costs are all included in these costs.
Question: Students arrive at the Administrative Services Office at an average of one every 15 minutes, and their requests take on average 10 minutes to be processed. The service counter is staffed by only one clerk, Judy Gumshoes, who works eight hours per day. Assume Poisson arrivals and exponential service times.
b. How much time, on average, does a student spend waiting in line?
Meritor is so pleased with the outcome from previous suggestions that the consultants are invited back for more work. The consultants now suggest a more complete robotic automation of the making of muffler assemblies and also a reduction in container size to eight per container. Meritor implements these suggestions and the result is that the muffler assembly fabrication cell now averages approximately 32 assemblies per hour, and the catalytic converter assembly cell can now respond to an order for a batch of catalytic converters in one hour. The safety stock remains at 12.5 percent. How many kanban cards are needed?
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