A Science of Manufacturing - Models and Performance Measures
3 important questions on A Science of Manufacturing - Models and Performance Measures
What do you think is the message of chapter 6.4?
Cost accounting provides poor models of manufacturing operations.
(See point 4 in chapter 6.6.)
Put the following costs into the 1: direct cost, or 2: overhead, categories.
- a: rent of office space
- b: the cost of screws used in product X
- c: the purchase cost of a drill in a line that produces engine pistons
- d: the wages of Henry, who operates the drill (in c)
- e: depreciation costs of the forklift in a multi-product warehouse
- f: the wages of Max, the forklift driver (of e)
1: direct cost: b,c & d.
2: overhead: a, e & f.
Consider these statements:
1: A strategic model usually describes long-term behavior, whilst a tactical model usually describes intermediate-term behavior.
2: A tactical model can provide data for use at the strategic level and a strategical model can provide data for use at the tactical level.
Which statements are true?
1 & 2 are both true.
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