SIMULATION AND MODELING CONCEPTS| QUESTIONS & ANSWERS
VERIFIED SOLUTIONS 100%|GRADE A+|LATEST 2024/2025
TEEP - ✔✔Total Effective Equipment Performance = Availability * Performance * Quality * Loading,
where loading is the factor for time amount of time scheduled compared to calendar.
Capacity - ✔✔The maximum amount that something can contain or produce. In this case, the capacity of
the machine.
Availability - ✔✔The ratio of time when a system is available to the total planned time available.
Flexibility - ✔✔The ability to change or adapt to different conditions or requirements than originally
planned.
Worker Absenteeism - ✔✔The percentage of workers who are absent from work, which can vary by
industry, time of year, and role in the organization.
Overall Equipment Effectiveness - ✔✔A measure of how well a manufacturing operation is utilized,
considering factors like availability, performance, and quality.
Lead Time - ✔✔The time taken from the initiation to the completion of a process, with an inverse
relationship to demand.
TAKT Time - ✔✔The rate at which a product must be produced to meet customer demand, considering
actual historic processing times.
Balking - ✔✔The act of not joining a line or queue due to an anticipated long delay.
Jackson Network - ✔✔A network model that requires random routing for customers or entities.
VERIFIED SOLUTIONS 100%|GRADE A+|LATEST 2024/2025
TEEP - ✔✔Total Effective Equipment Performance = Availability * Performance * Quality * Loading,
where loading is the factor for time amount of time scheduled compared to calendar.
Capacity - ✔✔The maximum amount that something can contain or produce. In this case, the capacity of
the machine.
Availability - ✔✔The ratio of time when a system is available to the total planned time available.
Flexibility - ✔✔The ability to change or adapt to different conditions or requirements than originally
planned.
Worker Absenteeism - ✔✔The percentage of workers who are absent from work, which can vary by
industry, time of year, and role in the organization.
Overall Equipment Effectiveness - ✔✔A measure of how well a manufacturing operation is utilized,
considering factors like availability, performance, and quality.
Lead Time - ✔✔The time taken from the initiation to the completion of a process, with an inverse
relationship to demand.
TAKT Time - ✔✔The rate at which a product must be produced to meet customer demand, considering
actual historic processing times.
Balking - ✔✔The act of not joining a line or queue due to an anticipated long delay.
Jackson Network - ✔✔A network model that requires random routing for customers or entities.
