{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

311_session_5_little

# 311_session_5_little - Littles Law BUAD311 Operations...

This preview shows pages 1–9. Sign up to view the full content.

Little’s Law BUAD311 Operations Management Session 5 1

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
2 Objectives Little’s Law A general rule that links various performance measures
Measurement Capacity Throughput Time Throughput Rate WIP 3

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
Throughput Rate Throughput Time WIP 4 What is the relationship? Time WIP Throughput rate is two  unit per unit of time
5 Throughput Time = WIP / Throughput Rate Little’s Law

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
6 Little’s Law Example: Bank Teller (Average) WIP: 6 customers (Average) Throughput rate: 12 customers per hour (Average) Throughput time: 6/12 = 0.5 A customer spends (on average) 0.5 hours in the bank Does this mean each customer spends 0.5 hours in the bank? How many customers arrive on average in an hour?
7 Implications of Little’s Law Given average WIP and Throughput Rate, we can calculate Throughput Time Relatively easy to measure WIP and Throughput Rate Keeping WIP fixed, reducing Throughput Time results in a higher Throughput Rate.

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
8 Implications of Little’s Law Average number of customers in a
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

### Page1 / 22

311_session_5_little - Littles Law BUAD311 Operations...

This preview shows document pages 1 - 9. Sign up to view the full document.

View Full Document
Ask a homework question - tutors are online