According to Little's law, which of the following ratios is used to find flow time?
A. Throughput time/Process velocity
B. Process velocity/Throughput time
C. Cycle time/Process time
D. Value-added time/Process velocity
E. Inventory/Throughput rate
Answer: E
You might also like to view...
The correct discount rate for a firm to use in capital budgeting, assuming that new investments are as risky as the firm's existing assets, is its marginal cost of capital.
Answer the following statement true (T) or false (F)
Environmental sustainability is an important issue for Millennials, so Gstaad has the initiated which ecological projects?
a. traditional alpine farming b. hydroelectric power stations c. and green fuel for piste equipment d. all of the above
The main objective of physical distribution should be to
A. decrease costs while increasing market coverage. B. increase service and market coverage. C. decrease costs while increasing service. D. increase market coverage and channel power. E. balance costs and market coverage.
Mattel, Inc. selects suppliers and obtains raw materials to make toys. The company is engaged in which function of marketing?
A. Selling B. Buying C. Storing D. Financing E. Risk taking