a) Critical Ratio =Order Slack =Shortest Operation next =Slack per Operation =b) Priority Index Calculations:RuleCritical RatioOrder SlackShortest OperationSlack per OperationResulting Priority Sequences:RuleCritical RatioOrder SlackShortest OperationHint: It is convenient to enter the data in a table, before doing the calculationsProblem 8: The ACE Machine Company is considering using a prority scheduling rule in itsfabrication shop and must decide whether to use: the critical ratio rule, the order slack rule,the shortest operation next rule, or the slack per operation rule. The following table showsthe company's current inventory and shop status.Order #ManufacturingLead TimeRemainingTimeRemainingUntil Due12Order3DateCurrentOperationProcessingTime# ofOperationsRemainingTotalProcessingTimeRemainingManufacturingOrderNumberLead TimeRemainingTimeRemainingUntilDue DateCurrentOperationProcessingTimeNumber ofOperationsRemainingTotalProcessingTimeRemaining11572384511572382151134821511348320-2528320-2528415-5438415-54385153112851531128Order torun nextSlack per OperationEnter the order number (1,2,3,4, or 5) to run next for each dispatching rule.Note: Time is measured in days. Manufacturing lead-time remaining includes both the machine processing time and the length of timeorders spend moving and waiting to be processed in a machine queue. Current operation processing time (as well as total processing timeremaining) includes no move or queue times.a) State the formula for calculating the priority index for each of sequencing rules givenpreviously.b) Compute the scheduling priority for each order, four sequencing rules.

Answered: Problem 8: The ACE Machine Company is…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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