The Shortest Processing Time (SPT) Rule

question 66

Multiple Choice

The Shortest Processing Time (SPT) rule

• A)Ensures that due dates are met
• B)Maximizes average flow-time
• C)Minimizes resource utilization
• D)Minimizes work in process inventory

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Definitions:

Residual Income

A financial metric that calculates the amount of income generated exceeding the minimum rate of return.

Goal Congruence

A condition in organizational management whereby the goals of the individuals align with the objectives of the organization, fostering a collaborative effort towards achieving those objectives.

Decentralised Organisation

An organizational structure in which decision-making authority is distributed among various levels and departments, promoting agility and faster decision-making.

Autonomous Managers

Autonomous managers are individuals who have the independence and authority to make decisions and manage operations without constant oversight from higher management levels.