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1) What makes a constraint critical or active? Explain.
2) Jim has used the theory of constraints to maximize the production of his active constraints and match the production rate in the rest of his facility to the bottlenecks. Output of finished goods per week has improved by 15% and WIP across the facility has decreased 40%. But his efficiencies on some individual workstations have dropped by 50% and the boss feels that this is cutting into already slim profit margins. What is going on? What should he do?
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How can intelligence on competitors' strategies best be gathered? A. Observation of their market activities. B. Tracking of their service volumes and market share. C. A & B.
Provide at least 3 different factors when comparing the concept of viewing a firm's suppliers as adversaries with viewing them as partners.
Disadvantages of Observation Methods: According to bailey the disadvantages in observation technique are: 1. Lack of Control: In artificial setting control over variable sis
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Calculate the present value of the cash flow stream in problem 2 with the following interest rates- 1. Year 1 = 8% 2. Year 2 = 6% 3. Year 3 = 10% 4. Year 4 = 4% 5. Year 5 = 6% 6. Y
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