Week 8 Discussion For this discussion, your focus will be to think through what asymmetric information, moral hazard, and adverse selection have to do with hiring a police officer. Instructions….
Using the data shown in the table above, construct a value stream map for Yahoo Widgets, Inc
For this assignment, you will be required to read the following prompt and attached chart and answer the questions that follow.
Yahoo Widgets, Inc. (YWI) is a widget manufacturer in Williamsburg, Virginia. YWI receives raw material sheets of plastic from Tribe Plastics, once per week, on Monday, for the family of widget models it produces. These widgets are then shipped to another manufacturer, Acme Gadgets, Inc. (AGI), for inclusion in its family of gadgets, which are sold to end users. For its new product line, the gadget manufacturer requires two types of widgets, large and small, that are packaged in returnable trays holding 55 widgets for shipment. The trays are returned, empty, to YWI after the widgets are used by AGI. The manufacturing process consists of a thermoforming activity that transforms the sheets of plastic into a “rough” widget, which requires a drilling process step and a grinding and sanding process step before the packing and shipping process step. These steps and related information are shown in the following table.
1. Using the data shown in the table above, construct a value stream map for Yahoo Widgets, Inc.
2. What is the takt time of the manufacturing cell?
3. What is the production lead time for each process step?
4. What is the total processing time for the manufacturing cell?
5. What is the total capacity of the manufacturing cell?
Use the attached template for the value stream map. Answer all questions in the template. Create text boxes if necessary to ensure questions are answered in one of the sheets in the workbook, or create a new sheet in the workbook specifically for question answers. Ensure sources used (if any) are properly cited using APA format.