ACCT-422 Study Guide - Midterm Guide: Gantt Chart, Central Limit Theorem, Planned Economy
9 Dec 2016
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Will only include material covered in class (not retested on quiz things) Operations management (jit, capacity, efficiency utilization productivity calculations) Capital budgeting (tax shield will get formula and legend, reduction of tax payable) Pert charts: dependence on training schedule must hire staff first, project network. Typically use activity on node style: critical path longest/maximum time it takes for you to complete a particular task from start to end. Slack time: time between other paths and critical path. *** know critical path for midterm (first critical path ex. ) Work with a time right behind the mean (most likely) time and right behind the pessimistic time. Wal-mart charges portion of building to their vendors, if product doesn"t sell the(cid:455) e(cid:454)pe(cid:272)t vendor to take it (cid:271)a(cid:272)k: harley davidson quality problem, customer dissatisfaction. Solution: had inspectors check vendor inventory = quality control: pull: customer places order, kanban: different color painted areas in manufacturing shop, for each department.
