Executive Summary Questions to Answer: MBA 630 Operations Management

Must be done by 10/8/16 (this Saturday) 19:00 EST NewYork. I must see this in the agreement

1. Define throughput, inventory, and operational expense.

2.Why is it important that throughput is defined in terms of sales rather than production?

3.What does it mean to

have balance a plant?

4.What causes a balanced plant to fail?

5.What is the Theory of Constraints

6.What characteristics of the hiking troop relate to the production characteristics of throughput, inventory, and operational expense?

7.What is Herbie in terms of the Theory of Constraints?

8.Considering the Theory of Constraints, what has been done when items are

removed from Herbie's pack?

9.What happens in a plant if the fastest?

operations are put at the beginning of the

production process, the slowest operations are put at the end, and all workers produce at a high efficiency?

10.Define a bottleneck.

11.What two things can be done to optimize a bottleneck?

12. What steps can be taken to reduce the lost time on bottlenecks?

13.Define the Twenty Eighty Rule

14.What was your biggest lesson learned from reading The Goal?