MGT 3900 Midterm Exam - (Answered)
MGT 3900 Midterm Exam - (Answered) Littles Law Inventory (I) = Flow Rate (R) * Flow Time (T) Littles law is based on ____________ Averages.... What does it mean if a process is stable? what comes in = what goes out 1st step in analyzing a process draw a process flow diagram For a one step process, Capacity = 1 / processing time For a one step process, if processing time is 30 seconds, what is capacity of the process? capacity = 1/ processing time.... 1/30 seconds or 60/30 seconds = 2 units per minute Flow rate rate at which units arrive at the process Cycle time average time between completion of successive units Demand Rate Process Capacity = __________ constrained Flow rate will equal? capacity constrained Flow rate will equal process capacity Process Capacity Demand Rate = _____________ constrained Flow rate will equal? Demand Flow rate will equal demand rate Utilization = ______ / _________ flow rate / Capacity For a multi step process, capacity of the process is equal to ___________ the minimum resource capacity or bottleneck resource... (the activity with the lowest flow rate) For parallel multi step processes, capacity equals ________ / _________? # of different options processing time (if they're all the same) utilization = ____________ / ______________ flow rate / capacity Equation for time to process X units given an empty system? Worker based X = (time it takes to complete 1st unit) + ((x-
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