1.26 Feasibility Studies Flashcards
(7 cards)
Computer modeling in product planning
Define lean manufacturing
Reducing waste in manufacture, such as time, materials or idle machines
Buffer zone
Temporary storage areas where partially completed work is stored while slower tasks or processes are completed
Takt time
The rate at which an item needs to be made to meet customer demand
Cycle time
The amount of time it takes for manufacturing process to be completed
Prototype
A functioning or non-functioning reproduction model that can be used to evaluate with potential customers
What is a feasibility study?
They are used to assess the practicality of a project before investing in materials and manufacturing equipment.
They can be used to assess economics, especially of environments or interiors
How can computer modelling be used?
It can be used to carry out feasibility studies to test project virtually
