TQM Flashcards
Supplies information to management on cost of labor, materials and overhead and may provide reposts on items such as scrap, downtime and inventories.
Accounting
Extent to which there is an absence of variety in a product, Servive or process, And immediately available to customers
Standardization
- bringing together of engineering design and manufacturing personnel early in the design phase.
Concurrent Engineering
= not logic, Not use all available data, not consider alternatives, not employ appropriate quantitative techniques
Bad decision
Evaluation of alternative investment in plant and equip requires input from both and finance people.
Economic Analysis 0f Investment Proposal
A measure of the effective use of resources, usually expressed as the ration of output to input.
Productivity
- Responsible for general upkeep and repair of equipment, building and grounds, heating and air-conditioning, removing toxic waste.
Maintenance
Sources of Ideas for new or Redesigned Products and Services
Idea Generation
designing products using computer graphics
Computer -aided design (cad)
- it is impossible to access the likelihood of various possible future events.
Uncertainty
Inputs are used to obtain finished goods using one or more transformation processes. (ex. Transporting and cutting)
Production/ operation system
to problem solving embody to an attempt to obtain mathematically optimum solutions to managerial problems.
Quantitative approached
Reason of Recycling
Cost savings, Environment concerns, Environment regulations
the most abstract: they do not look at all like their real-life counterparts, usually easiest to manipulate.
Mathematical Models
schematic representation of the available alternatives/ possible consequences.
DECISION TREE
a set of interrelated parts that must work together
System
more abstract than their physical counterparts, and relatively simple to construct and change.
Schematic Models
- refurbishing used products by replacing worn-out or defective components.
Remanufacturing
Tactics in Mass Customization-
Delayed Differentiation and Modular Design
- look like their real-life counterparts.
Physical Models
THE DECISION PROCESS
-Identify the process
-Develop a list
-Determine or estimate payoff
-Estimate of each possible
-Evaluate alternatives and select
form of standardization in which components parts are subdivided into modules that are easily replaced or interchanged
Modular Design
best of the worst possible payoffs
Maximin
Has the least regret
Minimax Regret
best possible payoff
MAXIMAX
best expected value among the alternatives.
EXPECTED MONETARY VALUE (EMV) criterion
generally implies an act
Service Operation
That the product or services is designed for specific case for specific case or individual.
Customized Output