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MSIS 3223 Final okstate Exam/49 Accurate Q’s and A’s
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MSIS 3223 Final okstate Exam/49 Accurate Q’s and A’s
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MSIS 3223 Final okstateExam/49 Accurate Q’s and A’s
Stopwatch Time Study - -development of a time standard based on the
observation of one worker taken over a number of cycles, then applied to all
others doing the same task
- Work Sampling - -technique for estimating the proportion of time that the
worker or machine spends on various activities and the idol time.
- Random - -Natural variation in the output of a process due to minor issues
- Non-random - -causes can be identified (assignable variation)
- Attribute - -data that are discrete ex. yes/no, high/low. Something that can
be true or false
- Variable - -data that are measured and continuous with varying degrees
ex. weight
- inspection - -physical examination of some goods as they go through the
process
- Run Tests - -a test for patterns in a sequence
- Run - -sequence of observations with a certain characteristic
- Up and Down Runs - -the preceding value
- Above and Below - -The median and mean are approximately equal for
control charts
- Grand mean - -Mean of all the means
- Grand range - -mean of all the ranges
- Sigma Limit - -z score
- EOQ - -the amount of a particular item to order to minimize carry costs
and ordering costs
- Service level - -probability that we won't run out
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