Consider the scenario described in Exercise 7.6. The company in question is being pressed by…

Consider the scenario described in Exercise 7.6. The company in question is being pressed by several of its customers to fulfill their orders faster. The company’s management estimates that the company stands to lose € 250,000 in revenue if they do not reduce their order fulfillment time below 40 working days. Adding one engineer to the existing team would reduce the time to design a hardware down to 14 working days (from 16 days). An additional engineer would cost the company € 50,000. On the other hand, hiring a second engineering team would cost € 250,000. Analyze these two scenarios and recommend an option to the company.

Exercise 7.6

Consider now the case where the engineering team in the previous example takes 16 working days to design a hardware. What is then the average amount of time an order takes to be fulfilled?

 

 

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