Utilization is calculated as
A) Actual running time divided by time available
B) Time available divided by actual running time
C) Actual output divided by standard output
D) Standard output divided by actual output
Lean systems refers to
A) Systems with very little waste and low inventory
B) Systems that add very little value
C) Systems that outsource all processing steps
D) Systems that depend on external suppliers for capacity
E) None of the above
Efficiency is calculated as
A) Actual running time divided by time available
B) Time available divided by actual running time
C) Actual output divided by standard output
D) Standard output divided by actual output