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Q. What is utility of optimised production technology to manufacturing operations?
Optimised production technology (OPT) optimises the employ of ‘bottleneck resources' (restrictive factors) for example as the binding constraints which limit capacity and by. Illustrations include programmable production cycles to equal the speed of non-bottleneck resources to the running of bottleneck resources maintained at full capacity. Optimised production technology helps to ignore the build up of unnecessary work into progress and assists a JIT environment.
The graph that plots the utility value versus monetary value is called a
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DESCRIBE THE ENTERPRISE RESOURCE PLANNING
What are the factors influencing the process design? and which particular process is used ?
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