Operations Management, Binder Ready Version: An Integrated Approach
Operations Management, Binder Ready Version: An Integrated Approach
6th Edition
ISBN: 9781118952610
Author: R. Dan Reid, Nada R. Sanders
Publisher: WILEY
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Chapter 3, Problem 18P
Summary Introduction

Interpretation: Calculation of process velocity for a broom manufacturer.

Concept Introduction: Process velocity measures the speed of a process. It is calculated through the actual throughput time and the value added time required in getting the final output. Improved process velocity creates value for the overall production process.

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