The activity direct costs associated with a project might include giving workers
overtime to complete a project in less than the expected time.
In practice, achieving a perfectly balanced plant is usually both impossible and
undesirable.
A stable supply process is one where product volumes are high, demand is predictable,
and there is a long product life.
Productivity is a relative measure.
Facility location analysis considers the competitive imperative of a favorable business
climate as indicated by the presence of other companies in the same industry.
The operational measure of throughput is “the rate at which money is generated by the
system through production of goods and services that might be sold.”
Fixed-order-quantity inventory models are “time triggered.”
Lean production is an integrated set of activities designed to achieve high-volume
production using minimal inventories of raw materials, work-in-process, and finished
goods.