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In-Class Lecture 10/4/2010

Tuesday, September 21, 2010

11:29 PM

Lecture 10/4/2010 Tuesday, September 21, 2010 11:29 PM MIDTERM WILL BE OPEN BOOK!!! Went over Page

MIDTERM WILL BE OPEN BOOK!!!

Went over Page 733 Problem 4 & 5 see lecture notes in mgmt840 section of thumb drive for answers

(10-4-2010.xls)

It may be useful to utilize tables of known values so that Excel sheets do not become confusing

Went over Learning Curves 2ndof known values so that Excel sheets do not become confusing T(2n)/T(n) = constant (where T

T(2n)/T(n) = constant

(where T = time of production of n units)

This is a number usually under 1

If this is true T(n) = T(1)*n^b

T(2n)/T(n) = L (where L is learning curve)

2^(b)= L

B = log(L)/log(2)

Reality may not exactly fit the model

Went over Page 86 Problem 5 next: see homework assignment

Went over the following problem from Quiz 2
Went over the following problem from Quiz 2

2 components, one is the standby for the other.

You need to multiply .2 (the failure chance) by .2

.2*.2=0.04

Formula is =P(A fail) * P(B fail)

Cycle Time:
Cycle Time:

200 parts per day, 8 hour day

8/200=0.04 0.04 *60 = 2.4 per minute

Flowchart Example (from Las Vegas Example in Chapter 5)

Lecture Notes 10-4-2010 Page 1

Went over homework third…. see lecture notes in mgmt840 section of thumb drive for answers

(10-4-2010.xls)

Went over Problem 6 from Page 86 next, as a class member had a question about it.

Went over PowerPoint lectures 5-8

had a question about it. Went over PowerPoint lectures 5-8 Chapter 5 Lecture • In a

Chapter 5 Lecture

In a job shop Volume is high and Variety is low

Similar production is done over and over (flow-shop)

Projects are more specific then the flow-shops

5 types of productions

 

Flow-Shop

Project

Batch

Job-Shop

 
 

More training

 

Assembly-Line

 

Little's Law is Weight * Rate = Length

IE: Rate of Ford cars is 20/hour R = 20/hr (Throughput) Cycle time is 1/20 (ie: 1 every 3 minutes)

L (length in the line) L = 100 cars

 

W (weight) W = L/R = 100/20 = 5 hours

Sometimes increasing utilization is not the best goal

Flowcharts help truly understand everything about a project• Sometimes increasing utilization is not the best goal ○ Performance Measures ○ See things that

○ Performance Measures ○ See things that you may not have seen before ○ If
Performance Measures
See things that you may not have seen before
If the process is important create the flowchart!!!
These are the standard symbols of flow charts
Makes everything easier to understand
There can be several stages or one stage

Buffer -
Buffer
-

A storage area between stages where output of a stage is placed prior to being used in a downstream stage

Blocking -
Blocking
-
 

Occurs when the activities in a stage must stop because there is no place to deposit the item

Starving -
Starving
-
 

Occurs when the activities in a stage must sop because there is no work

Bottleneck -
Bottleneck
-
Measuring Process Performance:  Starving - □ Occurs when the activities in a stage must

Measuring Process Performance:

Starving -
Starving
-

Occurs when the activities in a stage must sop because there is no work

Bottleneck -
Bottleneck
-

Stage that limits the capacity of the process

Make to order

Not made until you order it

Customizable

Make to stock

IE: supermarket, goods are stocked on shelves and you buy them if you want them

• Inventory = flow time * Throughput rate (make sure to match units)

Inventory = flow time * Throughput rate (make sure to match units)

 

Total average value of inventory Sum of the value of raw materials, work-in-process, and finished goods inventory

Inventory turns

 

Cost of goods sold divided by the average inventory value

Days-of-supply

 

Inverse of inventory turns scaled to days

Little’s law

 

There is a long-term relationship between inventory, throughput, and flow time

Inventory = Throughput rate X Flow time

• See PowerPoint 5 for a good example of Little's Law on Slides 15-26

See PowerPoint 5 for a good example of Little's Law on Slides 15-26

Flow time • See PowerPoint 5 for a good example of Little's Law on Slides 15-26

Lecture Notes 10-4-2010 Page 2