The demand on a hospital’s emergency medical services is considered a controllable
arrival pattern of the calling population.
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Subcontractor networks are not very important in Japanese manufacturing.
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The term CTQ stands for “Cost Through Quality” which is another way to express
Philip Crosby’s idea that “Quality is Free.”
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Process selection refers to the strategic decision of selecting which kind of production
processes to use to produce a product or provide a service.
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The ‘sawtooth effect,” named after turn-around artist Al “chainsaw” Dunlap, is the
severe reduction of inventory and service levels that occurs when a firm has gone
through a hostile takeover.
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Standard practice in statistical process control for variables is to set control limits so
that 95 percent of the sample means will fall within the UCL and the LCL.
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The “triple bottom line” relates to the economic, employee, and environmental impact
of a firm’s strategy.
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Inventory turnover and weeks of supply are mathematically the inverse of one another.
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Price-break models deal with discrete or step changes in price as order size changes
rather than a per-unit change.
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In decision tree analysis the time value of money is ignored because you are only
concerned with cash costs.
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