Cycle Time Is Calculated by Process Time Plus Inspection Time

question 60

Short Answer

Cycle time is calculated by process time plus inspection time plus move time plus ________.

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Definitions:

Net National Product

The total value of goods produced and services provided by a country during a year, minus depreciation. It reflects the total economic output that is not consumed through wear and tear.

National Income

The total value of all income earned within a country, including wages, rents, interest, and profits.

Flow Variable

A measure of something over an interval of time, such as your spending per week.

Point In Time

describes a specific moment or instance in the timeline.