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The Second Step in Theory of Constraints Application, "Exploit the Bottleneck(s)

question 33

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The second step in Theory of Constraints application, "exploit the bottleneck(s) ," means that the analyst should:


Definitions:

Cost Functions

Mathematical relationships expressing the cost of production as a function of the levels of various inputs.

Wheat Farmer

An individual or business involved in the cultivation of wheat as a primary crop.

Fast Food

Quick-service restaurants offering minimal table service and food that is prepared and served very quickly, often packaged for takeout or drive-through service.

Demand Curve

a graphical representation showing the relationship between the price of a good and the quantity of that good consumers are willing to buy.

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