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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?
steps involved in strategy formulation
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A bond has a coupon rate of 15%, a yield to maturity of 10.55%, and a market price of $850. Therefore, the annual interest payment is: a.) $850 b.) $150 c.) $105.50. d.) $120.0
To what extent are these decisions subject to risk and uncertainty?
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Why is managing bottlenecks so important in work-center scheduling?
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