OPERATIONS MANAGEMENT FUNDAMENTALS - Operational Challenges Due to Variability - Analyzing Wait Times
4 important questions on OPERATIONS MANAGEMENT FUNDAMENTALS - Operational Challenges Due to Variability - Analyzing Wait Times
What is the formula to estimate wait times?
True or False. In process analysis terms, wait time is equivalent to flow time and people in line qualify as inventory.
What is the formula of average utilization?
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True or False. The formula only works if utilization is below 100%
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