One hundred percent inspection is justified when the cost of inspection is low.
In designing a production layout a flexible line layout might have the shape of a “U”.
Mr. Goldratt’s “theory of constraints” is useful only in manufacturing settings.
The project indirect costs associated with a project include overhead, facilities, and
resource opportunity costs.
You time someone completing a single task the first time at 120 minutes, and the
second time they do the task it takes 108 minutes. You should use a 90 percent learning
curve to estimate the length of time this worker will take to complete this task in the
future.
Business process reengineering, which seeks revolutionary change, is contrasted with
total quality management which commonly advocates incremental change.
A modular bill of materials includes items with fractional options.
Drilling down means descending through an existing hierarchy to bring out more and
more details from a database.
An order winner is a set of criteria that differentiates the products or services of one
firm from another.
Acceptance sampling is performed on goods that already exist to determine what
percentage of items conforms to specifications.
In a partial measure of productivity, the denominator of the ratio would include all
resources used or all inputs.
One of the implementation tools from the operations consulting tool kit is the
responsibility chart.
A BOM file is often called a product structure file or product tree because it shows how
a product is put together.
An assumption of learning curves is that the time required to complete a unit will
increase at an increasing rate as the cumulative number of units completed increases.