Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
10 Cards in this Set
- Front
- Back
Design capacity
|
The maximum designed service capacity output rate
|
|
Effective Capacity
|
Design capacity minus personal and other allowances
|
|
Capacity Cushion
|
Extra capacity used to offset demand uncertainty
|
|
Bottleneck operation
|
An operation in a sequence of operations whose capacity is lower than that of other operations
|
|
Economies of scale
|
If the output rate is less that the optimal level, increasing the output rate results in decreasing average unit costs
|
|
Diseconomies of scale
|
If the output rate is more than the optimal level, increasing the output rate results in increasing average unit costs
|
|
Constraint
|
Something that limits the performance of a process or system in achieving its goals
|
|
Indifference point
|
The quantity that would make two alternatives equivalent
|
|
Cash flow
|
The difference between cash received from sales and other sources, and cash outflow for labor, material, overhead, and taxes
|
|
Present value
|
The sum, in current value, of all future cash flows of an investment proposal
|