Process Selection Flashcards

1
Q

How is the production process determined?

A
  • demand/volume

- level of standardization

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2
Q

The challenge to coordinate activities is a characteristic of which type of production?

A

Project/Unit production

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3
Q

Project/Unit Production produces ____ unit(s) at a time and has a _____ completion time.

A

1; long

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4
Q

Simultaneous production of a range of products is a characteristic of which type of production?

A

Batch Production

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5
Q

Batch Production produces ______ quantities and a ______ of products.

A

small; variety

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6
Q

Other characteristics of batch production:

A
  • Flexible
  • skilled workers w/ wide range of skill
  • unconnected work flow
  • general purpose equipment
  • direct labor
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7
Q

Standardized product with options is a characteristic of which kind of production?

A

Mass/Repetitive Production

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8
Q

Mass/Repetitive Production uses ______ equipment, has ______ production runs, & produces ______ quantities.

A

Specialized; Long; Large

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9
Q

What kind of skills are required for Mass/Repetitive Production?

A

limited skills required

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10
Q

The type of production that has very high volumes of a product with no variation is known as ________ ___________.

A

Continuous Production

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11
Q

Characteristics/an example of Continuous Production:

A
  • automated
  • workers employed to MONITOR processes
  • highest cost=equipment

i.e. papermill

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12
Q

Project—> Batch—> Mass—> Continuous:

  1. Demand volume:
  2. Standardization:
  3. Automation:
  4. Capital investment:
  5. Direct Labor:
A
  1. Increases
  2. Increases
  3. Increases
  4. Increases
  5. Decreases
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13
Q

Total Cost Equation:

A

TC= Fixed Costs + (Volume)Variable Costs

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14
Q

Total Revenue Equation:

A

TR= Volume(Price)

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15
Q

Total Profit Equation:

A

TP=TR-TC

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16
Q

Break-Even Analysis

A

TR=TC

17
Q

Break-Even Volume

A

V=Fixed Costs / (Price-Variable Costs)