Final_Exam_Formula_Sheet

Final_Exam_Formula_Sheet - SCM 372 Final Exam Formula Sheet...

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Page | 1 SCM 372 Final Exam Formula Sheet – 12/14/2011 Intro through Job Design (Exam 1) Productivity = Outputs/Inputs % Change = ([New – Old] / Old) x 100 Processing Rate = 1 / Cycle Time Cycle Time = (Setup Time + [Batch Size]x[Time per Unit]) / (Batch Size) % Efficiency = (Standard Time / Actual Time) x 100 Little’s Law: Throughput Time = WIP / Processing Rate Break-even Quantity = ; where F = fixed cost, SP = sale price, VC = variable cost Probability that exactly n customers arrive in a period of time T = Server utilization = ; where λ is the customer arrival rate and μ is the service rate Average number of customers in the system = Average number of customers in the queue = Average time a customer spends in the system = Average time a customer spends in the queue = Probability of n customers in the system = Normal job cycle time = Average job cycle time x Performance Rating Standard job cycle time = Normal job cycle time + Allowances
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Page | 2 Assembly Line Balancing through Inventory Management (Exam 2) Required cycle time = C = (Production time per period) / (Required output per period) Theoretical minimum number of work stations = ; where T is the sum of the task times and C is the required cycled time
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This note was uploaded on 12/28/2011 for the course SCM 372 taught by Professor Cook during the Fall '11 term at Michigan State University.

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Final_Exam_Formula_Sheet - SCM 372 Final Exam Formula Sheet...

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