Explain Systematic Approach to Long-Term Capacity Decisions?

Q: Determine the expected monetary value of a capacity decision?

A: Capacity decisions are those decisions which includes long term planning of an organization in order…

Q: What are the four special considerations for a good capacity decision?

A: Capacity is the maximum number of items produced per unit time in a manufacturing setup whereas in…

Q: What is capacity planning and explain with examples?

A: Capacity planning is nothing but the process through which a company sees how much work it can…

Q: What is Effective capacity?

A: The process of evaluating the production capacity required by a company to meet changing demands for…

Q: Explain capacity planning concepts with examples

A: characteristics of a data warehouse can be deduced from the previous definition:

Q: Define: output, design capacity, effective capacity, utilization % and efficiency %?

A: Actual output: It is the output that is actually attained using the process or operation.  The…

Q: Discuss systematic approach to long term capacity decisions?

A: Capacity is a term that relates to a person's ability to store, produce, or accomplish anything.…

Breakeven Analysis

Break Even Analysis is a term used in business, cost accounting and economics. It refers to a point where the total cost incurred becomes equal to the total revenue earned. Break Even Analysis determines the number of units to be sold to earn the revenue required to cover the total costs. Total cost is a sum total of fixed and variable costs.

Process analysis

The term process analysis can be defined as breakdown of production process into different phases that converts inputs into output. A series of routine activities are incorporated using organizational resources with a view to achieve operational excellence.