IET 418 Page - Group 4


PROJECT DESCRIPTION

Hi-Tech Incorporated is soliciting bids for purchase of a new product.  You are part of a team from Super-Tech Plant No. 2, Inc that was formed to estimate the cost of producing the new product and to prepare a proposal which includes the product cost and price in response to the Request for Proposal from Hi-Tech, Inc.  The customer has provided your team with a rough sketch of the product.  Note that the sketch may be incomplete or include some incorrect dimensions.  The product is to be manufactured from metal bar stock that is two inches in diameter by 12 foot long.  The density of the material is 0.2553 pounds per cubic inch.  On one end of the part, 1/8” is not usable as it is needed to square off the end.  The material can be purchased for $6.50 per pound and salvaged for 10% of the original cost.  The long-term quantity required is 10,000 units, produced in lots of 1,000 units.  Your company has 75 full-time employees who each work an eight-hour day, five days per week, and 52 weeks per year.  The company provides eight paid holidays and ten days of vacation.  Four additional days are allowed for sick leave.  FICA is at the rate for the current year, workmen’s compensation is 3% of the first $30,000, accident insurance is $1500, and medical insurance is $1,000.  Turning and drilling are light machining and milling is heavy machining.  For drilling operations, assume a drill point angle of 118 degrees.  A safety distance of 1/16” is used for all machines.  The wage rate is $17.50 per hour for the light machining department, $45.70 per hour for the heavy machining department, and $33.00 for other machining.  Similar products have indicated an 87% learning rate.  The calculated cycle time is assumed to be the time to produce the first part.  There is a 90% utilization rate for light machining, 80% utilization for heavy machining and 95% for other machining.



Project Files                                                                                                              

418Term+Project-Group+4+SU-10.doc 418Term+Project-Group+4+SU-10.doc
Size : 0.297 Kb
Type : doc
418Term+Proj+Peer+Eval+Form.DOC 418Term+Proj+Peer+Eval+Form.DOC
Size : 0.04 Kb
Type : DOC



Project Deliverables                                                                                                 

418+Project+Time Study.xlsx 418+Project+Time Study.xlsx
Size : 0.012 Kb
Type : xlsx
timestudychart.xlsx timestudychart.xlsx
Size : 0.008 Kb
Type : xlsx
attachments_2010_06_07.zip attachments_2010_06_07.zip
Size : 0.452 Kb
Type : zip
Full page photo.pdf Full page photo.pdf
Size : 0.406 Kb
Type : pdf
IET+Group+4+Presentation.ppt IET+Group+4+Presentation.ppt
Size : 1.146 Kb
Type : ppt
418Project Report.doc 418Project Report.doc
Size : 1.473 Kb
Type : doc



Report Examples                                                                                                        

Final Report Examples.zip Final Report Examples.zip
Size : 1.944 Kb
Type : zip
project managment gantt chart.xlsx project managment gantt chart.xlsx
Size : 0.013 Kb
Type : xlsx

 

Submitted Files                                                                                                          

IET 418 - Group 4.zip IET 418 - Group 4.zip
Size : 0.479 Kb
Type : zip
Group 4.zip Group 4.zip
Size : 0.021 Kb
Type : zip

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