1.12 Feasibility Studies Flashcards
1
Q
What is a feasibility study?
A
An assessment of the practicality of a proposed plan or method before investing in materials and manufacturing equipment.
2
Q
Buffer zone
A
Temporary storage areas where partially completed work is stored while slower tasks or processes are completed
3
Q
How can feasibility studies be conducted?
A
Physical prototypes, CAD and spreadsheets to calculate cost of labour
4
Q
Takt time
A
The maximum amount of time in which a product must be produced to meet consumer demand
5
Q
Cycle time
A
The amount of time it takes for a manufacturing process to be completed
