Why is makespan an important performance measure?
What will be an ideal response?
Minimizing the makespan of a group of jobs allows for greater utilization of the flow shop. Also, makespan is important if all jobs are to be shipped to the same destination on the same truck or rail car. All jobs must be completed before any of them can be shipped.
You might also like to view...
A company's balance sheet shows $225 million in real assets (equipment, trucks, intermediate goods) and $25 million in cash. Owners' equity equals $125 million. No preferred. Its debt must be:
a) $75 million b) $100 million c) $125 million d) $150 million
If your favourite mail-order catalogue lists freight charges according to the dollar amount of merchandise purchased, you know that it is using which of the following pricing?
a. freight absorption b. uniform delivered c. zone d. FOB origin