Production and Operations Management

Break even point = Fixed cost  / Selling price-Variable Cost

 DFA-Design for assembly

 Layout:
Process layout: Similar machines & services are located together
Product layout
Fixed position layout

 CRAFT-Computerized Relative Allocation of Facilities Techniques
ALDEP-Automated Layout Design Program

 EOQ= Square root of (2 x ordering cost x no of units/Carrying cost)

 ABC Analysis based on demand
Material   Consumption value
10%         70%
20%         20%
70%         10%

 Aggregate planning: Graphical method/Heuristic method/Transportation method/Linear programming

 MPS-Master Production Schedule-- Productwise

 MRP - Material Requirement Planning(Quantity and Time for acquiring the required items)
MRP Inputs---- BOM(Bill of items), MPS(Master production schedule),EOQ(Economic Order Quantity)

 Lot sizing-- Minimum order quantity

 MRP-- Projected requirements, Planned order release, EOQ, Scheduled repairs, Stock in hand

 CRITICAL PATH METHOD-Deterministic Time Estimate

 TF--Total float
ES--Earliest start time
LC--Latest Completion time
D--Duration of activity

 TF = LC-ES-D

 PERT -
Gantt chart--- Resource levelling

 Time study-- FW Taylor

 Control charts:
X chart- Central tendency
R chart-- Dispersion of observations
contol charts

 Fishbone or Ishikawa Diagram  --- Kaoru Ishikawa

 SQC- Statistical quality control
AQC-Acceptable quality level 

Fixed layout
Process/Functional layout: is used for batch production
Product/Line layout: Continuous mass flow production

 

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