This note focuses on the basics of process control flow. The process is also useful when the objective is to manage operational indicators such as capacity, cost, inventory, and responsiveness. The note addresses the Little's Law, the fundamental relationship between the three important factors: the average inventory, average throughput and average throughput in any system that is in balance.
This Darden study. "Hide
by Kamalini Ramdas Source: Darden School of Business 8 pages. Publication Date: August 13, 2005. Prod. #: UV0427-PDF-ENG
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