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Which of the following statements is incorrect about the theory of constraints (TOC)?
A. According to TOC, identifying the bottleneck in a process is critical for improving the overall flow through the process.
B. According to TOC, the goal of any operation is to make money.
C. TOC was developed by Goldratt in his book, "The Goal."
D. According to TOC, increased utilization of a non-bottleneck would improve the operating performance in a factory.
Has Subway over expanded in a very crowded fast food industry? Is there still any viable locations in the US for Subway? How about internationally? Will the founder’s sister, Suzanne Greco, be able to lead the company back to success?
Determine two constraint equations for this LP problem, but do not solve! Hint: The number of constraint equations must equal the number of decision variables. Only two are required
Identify and describe the areas of a SWOT analysis and discuss why it is important to consider these areas when developing a strategic plan. Why is it often difficult to develop a realistic analysis
8 ipc manufactures resins and molded plastic products.nbsp one production department has ten injection-molding
A company can decide how many additional labor hours to acquire for a given week. Subcontractors will only work for a maximum of 20 hours for week. the company must produce at least 200 units of product A, 300units of product b, and 400 units of prod..
The use of _____ is important when there is great uncertainty or little precedent for a decision
1. What is the profit-maximizing order-up-to level for cash?2. Suppose Jim is interested in ensuring that the company immediately satisfies all employee salary requirements with a 95% probability. What is the corresponding order-up-to level?
Should organizations have both a vision statement and a mission statement? If you were to lead an organization and you could have only one, a mission or vision statement, which would you choose and why?
Do you think managers solve problems or manage messes? Consider how thinking in systems alters or supports Ackoff's hypothesis. To prepare for this Discussion, review the resources. Then, consider how thinking in systems may influence organizationa..
Are there any other types of information besides financial that may be useful in making financial decisions? b) Identify the major components of a corporate compliance plan, including the establishment of internal controls relating to the finances of..
What impact would this change have on Dell's capacity to produce computers? In other words, would the capacity likely be increased or decreased by this decision? Explain your reasoning as to why this would increase or decrease Dell's capacity.
What are the similarities or differences between the 4-T's and the fundamental safety concepts expressed? If so, what are they? How do they relate to the real world of preventing accidents without sinking the bottom line for our company?
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