The table below includes processing times and due dates for five jobs.
a.Use the Shortest Processing Time Rule (SPT) to determine the average flow time.
b.Use the Earliest Due Date Rule (EDD) to determine the average lateness.
Definitions:
Product Outputs
The quantity of goods or services produced by a business or economy in a given period.
Marginal Product
The additional output produced as a result of using one more unit of a particular input, keeping other inputs constant.
Total Product
The total quantity of output produced by a firm from a given quantity of inputs during a specific period of time.
Fixed Cost
Any cost that in total does not change when the firm changes its output.
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