BU385 Study Guide - Final Guide: Autonomation, Heat Treating, Master Production Schedule
Document Summary
Pm: unique, one-time job require non-repetitive activities to accomplish a specific objective in a limited period : - process involves: planning, scheduling, and controlling(monitoring) - goals: timely completion, cost within budget, output of desirable quality. Crashing process summary: list normal + crash duration for each act. 2) calculate length of all paths and determine cp. 3) list crash costs + days avail. to crash for cp in ascending order. 4) begin crashing project start w lowest crash cost. 6) if paths become equal, crash at the same time. 6) conclude by making statement on optimal proj, length. Two basic types of inventory systems: a continuous ( fixed-order-quantity) system: inventory on hand decreases to a predetermined level, referred to as the reorder point, a new order is placed to replenish the stock of inventory. Periodic (or fixed-time-period) system: order is placed for a variable amount after specific regular intervals.
