Shared Flashcard Set

Details

QM 319 Operations Management
Operations Management Reid/Sanders 4th ed chap 12,15,16
40
Business
Undergraduate 3
05/15/2013

Additional Business Flashcards

 


 

Cards

Term
Routing
Definition
The operations to be performed, their sequence, the work centers visited, & the time standards
Term
Bottleneck
Definition
A resource whose capacity is less than the demand place on it
Term
Slack
Definition
The time that a job can be delayed & still finished by its due date
Term
What are two characteristics of High Volume Operations
Definition
Generally have fixed routings Bottlenecks are easily identified
Term
What are the characteristics of Low Volume Operations
Definition
Job shop operations are designed for flexibility Each product or service may have its own routing Bottlenecks move around depending on the products being produced
Term
Gantt Charts
Definition
Graphical tools used to illustrate workloads & help monitor job progress
Term
Gantt Chart-Load chart
Definition
illustrates the workload relative to the capacity of a resource
Term
Gantt Charts - Progress charts
Definition
Illustrates the planned schedule compared to actual performance
Term
What is the Load chart used for
Definition
Scheduling employees
Term
What are Progress Charts used for?
Definition
Job status planned activity vs. actual activity
Term
What is infinite loading?
Definition
Ignores capacity constraints, but helps identify bottlenecks in a proposed schedule Also enables proactive management
Term
What is Finite loading?
Definition
Allow only as much work to be assigned as a station should be able to handle - but doesn't prepare for the inevitable slippage
Term
What are the common priority rules?
Definition
First come first served Last come, first served Earliest due date Shortest processing time Longest processing time
Term
What is the critical ratio equation?
Definition
(Time until due date)/(processing time)
Term
What is another equation for common priority rules?
Definition
Slack/(number of remaining operations)
Term
What is the Johnson's Rule?
Definition
Technique for minimizing completion time for a group of jobs to be processed on two machines or at two work centers
Term
What are the two benefits of the Johnson's Rule?
Definition
Minimize total idle time Several conditions must be satisfied
Term
What are the necessary conditions for the Johnson's rule?
Definition
Job time must be known and constant for each job -Job times must be independent - Job must follow same two-step sequence - Job priorities cannot be used - Units must be completed at first work center before moving to second work center
Term
What is the Optimum sequence for Johnson's Rule?
Definition
1. List the jobs and their times and each work center 2. Select a job with the shortest time -if the shortest time is at the first work center, schedule that job first - If the shortest time is at the second work center, schedule the job last -Break ties arbitrarily 3. Eliminate the job from further consideration 4. Repeat steps 2 and 3 working toward the center of the sequence until all jobs have been scheduled
Term
Throughput
Definition
Quantity of finished goods ready to sell
Term
Process Batch
Definition
Quantity produced at a resource before switching to another product
Term
Transfer batch
Definition
Quantity routed at one time from one resource to the next
Term
What does Optimized Production Technology do?
Definition
focuses on bottlenecks for scheduling & capacity planning
Term
What does The Theory of Constraints do?
Definition
Extends OPT to consider multiple constraints 1. Internal resource constraints 2. Market Constraints 3. Policy constraints
Term
What is the TOC procedure?
Definition
1.ID the bottlenecks 2.Fully utilize the bottlenecks 3.Schedule non-bottlenecks to support maximum use of bottleneck activities 4.Consider adding capacity at the bottleneck 5.Continually check for new bottlenecks
Term
What are two type of service issues?
Definition
1.Demand Management 2. Managing service capacity
Term
Ways to deal with demand management?
Definition
1. appointments & reservations 2. posted availability 3. Delayed services or backlogs
Term
What the the ways to manage service capacity?
Definition
1.Staff for peak demand 2.Floating employees or employees on call 3.Temporary, seasonal, or part-time employees
Term
what are the types of inventory?
Definition
1.Raw materials 2.Components 3.Work-in-progress 4.Finished goods 5.Distribution inventory 6.Maintenance, repair & operating supplies
Term
What are the different uses of inventory?
Definition
1.Anticipation or seasonal 2.Safety stock: buffer demand fluctuations 3.Lot-size or cycle stock: take advantage of quantity discounts 4.Pipeline or transportation inventory 5.Speculative or hedge inventory 6.Maintenance, repair, and operating inventory (MRO)
Term
What are the objectives for proper inventory management?
Definition
1.Provide desired customer service level 2.Provide for cost-efficient operations 3.Minimize inventory related investments
Term
What are the Inventory costs?
Definition
1.Item price 2.Holding costs 3.Ordering & setup costs 4.shortage costs
Term
What does ABC Classification mean?
Definition
Divide inventories into three different categories based on value, risk, & other considerations
Term
How do you review inventories in the A category?
Definition
Use tight controls & frequent reviews
Term
How do you divide inventory into B category?
Definition
Use normal methods
Term
How do you divide inventories into C categories?
Definition
use simple, inexpensive systems with large safety stocks to manage C items
Term
What does PERT stand for?
Definition
Program Evaluation and Review Technique Developed to handle uncertain activity times
Term
What does CPM stand for?
Definition
Critical Path Method. Developed for industrial projects for which activity times generally were known
Term
Where did PERT come from?
Definition
Developed by the U.S. Navy for Polaris missile project
Term
Where did CPM come from?
Definition
Developed by DU Pont & Remington Rand
Supporting users have an ad free experience!