Operations
is the capability of a manufacturing or service resource such as a facility, process, workstation, or piece of equipment to accomplish its purpose over a specified time period.
what is CAPACITY?
a specification of work to be performed for a customer or a client. It generally includes the quantity to be produced, the processing requirements, and resources needed.
what is a WORK ORDER?
the amount of money generated per time period through actual sales
what is THROUGHPUT?
is environmental or organizational limitation, such as low product demand or an inefficient management policy or procedure.
what is a NONPHYSICAL CONSTRAINT?
Title, "Capacity Management"
what is CHAPTER 10?
It is achieved when the average unit cost of a good or service decreases as the capacity and/or volume of throughput increases
what is ECONOMIES OF SCALE?
goods and services that can be produced or delivered using the same resources available to the firm, but whose seasonal demand patterns are out of phase with each other.
what is COMPLEMENTARY GOODS AND SERVICES?
anything in an organization that limits it from moving toward or achieving its goal. Constraints determine the throughput of a facility because they limit production output to their own capacity
what is CONSTRAINT?
?? = 100% − Average resource utilization (%)
what is AVERAGE SAFETY CAPACITY (%)?
Homework 5 and Quiz 5
what is WEEK 5 ASSIGNMENTS?
It occurs when the average unit cost of the good or service begins to increase as the capacity and/or volume of throughput increases
what is DISECONOMIES OF SCALE?
dynamic methods to forecast demand, allocate perishable assets across market segments, decide when to overbook and by how much, and determine what price to charge different customer (price) classes.
what is REVENUE MANAGEMENT SYSTEM (RMS)?
A limitation associated with the capacity of a resource such as a machine, employee, or workstation
what is a PHYSICAL CONSTRAINT?
?? = Setup time (Si) + [Processing time (Pi) x order size (Qi)]
what is CAPACITY REQUIRED FOR ONE WORK ORDER?
the probability that a given item will perform its intended function with no failures for a given period of time under a given set of conditions.
what is RELIABILITY?
is a way to achieve economies of scale, without extensive investments in facilities and capacity, by focusing on a narrow range of goods or services, target market segments, and/or dedicated processes to maximize efficiency and effectiveness
what is FOCUSED FACTORY?
a promise to provide a good or service at some future time and place
what is a RESERVATION?
work activity that effectively limits the capacity of the entire process
what is a BOTTLENECK (BN)?
?? = Σ[Si + (Pi x Qi)]
what is TOTAL CAPACITY REQUIRED (ΣCi)?
Title, "Operations + Supply Chain Management"
what is the BOOK'S title?
an amount of capacity reserved for unanticipated events such as demand surges, materials shortages, and equipment breakdowns, is normally planned into a process or facility
what is SAFETY CAPACITY/CAPACITY CUSHION?
a set of principles that focuses on increasing total process throughput by maximizing the utilization of all bottleneck work activities and workstations.
what is THEORY OF CONSTRAINTS (TOC)?
Work activity in which idle capacity exists
what is a NONBOTTLENECK (NBN)?
?? = Utilization (U) × [service rate × number of servers]
what is RESOURCES USED (CAPACITY)?
Title, "Capacity Management and Break-even Analysis"
what is MODULE 5?