L28_FinalTopics - Operations Management Fall 2008 Review...

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Operations Management Fall 2008 Review for Final Exam Key Concepts (T / F and MC Questions) (L02) Process Capacity Capacity, cycle time, and utilization Demand constrained vs. supply constrained process (L03) Labor Cost Design capacity, e ective capacity and actual output What is labor content? Labor utilization? What is line balancing? When and why? (L05) Batch Trade-o in batch size selection (inventory vs. resource capacity) Internal setup and external setup (L06) Little’s Law Average law that works in variety of situations (L07) Inventory cost Five reasons to hold inventory Process types: job shop, batch, assembly, continuous (L11) Process Variability Di erent sources of variability Stationary process (L12) Waiting time Techniques of reducing waiting time. (L14) Throughput loss Trade-o in bu er size design (bu er or su er) (L16-L17) Newsvendor Trade-o between overage and underage In-stock probability and fill rate (L18) Quick response
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This note was uploaded on 10/16/2011 for the course OM 335 taught by Professor Jonnalagedda during the Fall '08 term at University of Texas at Austin.

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L28_FinalTopics - Operations Management Fall 2008 Review...

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