MIS 373 Exam 3

Used to achieve a smooth and rapid flow of large volumes of goods or customers through a system.

Percentage of idle time of the line

Layout in which workstations are grouped into a cell that can process items that have similar processing requirements

The use of computers in process control

Machines that perform operations by following mathematical processing instructions

A group of machines that include supervisory computer control, automatic material handling and robots or other automated processing equipment

Layout that uses standardized processing operations to achieve smooth rapid, high volume flow (assembly line)

designed to process items or provide services that involve a variety of processing requirements (departments)

Deciding which projects to implement
Selecting the project manager
Selecting the project team
Planning and designing the product
Managing and controlling project resources
Deciding if and when a project should be terminated

Visual aid to estimate project duration, identify critical activities, slack time, schedules

Visual aid to plan and monitor

Potential problem analysis, consequences and contingency planning

Program Evaluation and
Review Technique
Graphically displays project activities
Estimates how long project will take
Indicates most critical activities
Show where delays will not affect project

Critical Path method

Diagram of project activities that shows sequential relationships by the use of arrows and nodes

A network diagram convention in which arrows designate activities

A network diagram where activities are placed on nodes

The longest path, determines expected project duration
Determined by adding up lines

Activities on critical path

Allowable slippage for path; difference between length of path and critical path

Cost to carry an item in inventory for a length of time, usually a year

Costs of ordering and receiving inventory

Opportunity costs of not having enough supply