Textile Mill Scheduling - 760 Words

Textile Mill Scheduling Problem formulation †¢ Variable assignment on the length of each fabric produced and purchased: X1 - Length of fabric 1 in Yards produced as dobbie looms X2 - Length of fabric 2 in Yards produced as dobbie looms X3 - Length of fabric 3 in Yards produced as dobbie looms X4 - Length of fabric 4 in Yards produced as dobbie looms X5 - Length of fabric 5 in Yards produced as dobbie looms X6 - Length of fabric 3 in Yards produced as regular looms X7 - Length of fabric 4 in Yards produced as regular looms X8 - Length of fabric 5 in Yards produced as regular looms X9 - Length of fabric 1 in Yards purchased X10 - Length of fabric 2 in Yards purchased X11 - Length of fabric 3 in Yards purchased X12 - Length of fabric 4 in Yards purchased X13 - Length of fabric 5 in Yards purchased †¢ Monthly Data for Scottsville Textile Mill Fabrics Fabric 1 Fabric 2 Fabric 3 Fabric 4 Fabric 5 Demand, D 16,500 22,000 62,000 7,500 62,000 Selling Price, S 0.99 0.86 1.1 1.24 0.7 Variable Cost, V 0.66 0.55 0.49 0.51 0.5 Purchase price, P 0.8 0.7 0.6 0.7 0.7 †¢ Cost Fabric Manufacturing cost (Selling Price- Variable Cost) Purchasing Cost (Selling price- Purchase Price) 1 0.99-0.66= 0.33 0.99-0.8= 0.19 2 0.86-0.55= 0.31 0.86-0.7= 0.16 3 1.1-0.49= 0.61 1.1-0.6= 0.5 4 1.24-0.51= 0.73 1.24-0.7= 0.54 5 0.7-0.5= 0.2 0.7-0.7= 0 †¢ Working Hour in a Month Dobbie: 8 looms x 24 hours x 30 days= 5760 hours Regular: 30 looms x 24 hours x 30 days= 21600 hours †¢ Yard per hour FabricShow MoreRelatedCase Problem: Textile Mill Scheduling1087 Words   |  5 PagesCase Problem: Textile Mill Scheduling Assuming, X1 = Yards of fabric 1 purchased X2 = Yards of fabric 1 on dobbie looms X3 = Yards of fabric 2 purchased X4 = Yards of fabric 2 on dobbie looms X5 = Yards of fabric 3 purchased X61 = Yards of fabric 3 on dobbie looms X62 = Yards of fabric 3 on regular looms X7 = Yards of fabric 4 purchased X81 = Yards of fabric 4 on dobbie looms X82 = Yards of fabric 4 on regular looms X9 = Yards of fabricRead MoreHow the Industrial Revolution Affects Us Today5039 Words   |  21 Pagesthe raw materials, paid for the work, and took the risk of finding a market for their products. They often spread their operations to include workers in nearby villages. In the home, the whole family worked together making clothing, food products, textiles, and wood products. The way of life differed from place to place, depending on the climate, the soil, and the distance from towns and trade routes. For most people, life revolved around the agricultural seasons--planting, cultivating, harvestingRead MoreCase Analysis of Kota Fibers, Ltd Essay3444 Words   |  14 PagesCase Analysis of Kota Fibers, Ltd Name Date Executive summary Kota Fibers, Ltd engages in yarn production in Kota Town, India. Textile millers use the yarn to make traditional dresses (saris) for women in India. Kota Fibers has been in operation since 1962 and has over the years faced an annual growth rate of 15 percent. This due to the rapid growth of the female population in India. In January 2001, the Managing director of the company Ms. Pundir realized that the company has beenRead MoreEssay on Kota Fibers3343 Words   |  14 Pagesyarns to local textile weavers mainly to make the traditional women’s dress in India; the saris. Ms. Pundir was both the managing director and principal owner of the company. Kota Fibres used new technology and domestic raw materials to produce their quality product. The demand for saris amounted to 12 billion yards of fabric The Case Papers Kota Fibres, Ltd. was founded in 1962 in Kota, India. Created to produce nylon Fibre, Kota Fibres provided synthetic Fibre yarns to local textile weavers mainlyRead MoreIfacs Evolution Model of Management Accounting2827 Words   |  12 PagesSummary of Historical Developments in Cost Accounting The development of cost accounting and management control practices from the early textile mills and railroads through the formation of the great industrial enterprises in U.S. corporations has been well traced by Thomas Johnson. Johnson describes the cost accounting system of Lyman Mills, a New England textile mill that enable the managers to monitor the efficiency of the mill’s conversion of raw material into a variety of finished goods. In laterRead MoreEvolution of Production and Operations Management2318 Words   |  10 Pagesbusiness with clear line management responsibilities. (Chase, Jacobs, Aquilano, 2006:9) Operations management is the management of processes or systems that create goods and/or provide services. It encompasses forecasting, capacity planning, scheduling, managing inventories, assuring quality, motivating employees, deciding where to locate facilities, buying material and equipment and maintaining them, and more. (Stevenson, 2002:4) At the most fundamental level, operations management is aboutRead MoreLead Time Management in Garment Sector6952 Words   |  28 PagesBangladesh and some other developing countries have gradually become the global players in international trade in RMG. However, the Multi-fibre Arrangement facility, which was extended to favour the least, developed countries in exporting garments and textile has phased out after 2005. Consequently, the beneficiaries of MFA, including Bangladesh are facing severe competition in the unprotected world market. At present, this sector is facing numerous challenges nationally and globally. Lead Time ManagementRead MoreAnalysis Of Welspun Corp Ltd. Essay9873 Words   |  40 Pagesare steel, energy, and textiles, doing business in over 50 countries with 24,000 employees and over 100,000 shareholders. Its clients include companies operating in the oil and gas and retail sectors such as Chevron, ExxonMobil, WalMart, and Target. As a US$ 3 billion company, Welspun Group is one of India’s fastest growing conglomerates, registered at a CAGR of 30% over the last decade. Welspun is a fully integrated player within the Pipes, Plates Coils and Home Textiles sector, while it also hasRead MoreZara Is The Most Successful Retailer Brands Of Spanish Company Of The Inditex Group2427 Words   |  10 PagesRosalà ­a Mera. Zara is a Spanish clothing and accessories retailer in Arteixo and Galicia. The Inditex group also owns 7 brands: Massimo Dutti, Pull and Bear, Uterqà ¼e, Stradivarius, Oysho, Bershka and Zara Home. The Inditex group activities related to textile design, production and distribution. In 1980, Zara started expansion oversea through Portugal. Zara entered and opened first store the United States in 1989. Zara increased the fast international expansion in 1990. Zara stores are company owned, exceptRead MoreProduction System4042 Words   |  17 Pagesfor more inventory or call for a supervisor if assistance is needed. The terminals at each station enables central control center to track each unit at any given moment and provide management with data to make immediate decisions on routing and scheduling. Operators of the UPS control center can determine sequences of orders and colors to keep operators supplied with work and to minimize change in equipment, operations, and thread colors. A unit production system can control multiple routes and simultaneous