Little’s Law: Does Anyone Know Which Tim...
Weiss, Elliott N.
Little’s Law: Does Anyone Know Which Time It Is?
OM-1606 | Published October 18, 2018 | 4 pages Exercise
Collection: Darden School of Business
Product Details
The effectiveness of manufacturing and service processes can be measured in many ways. Some key measures include throughput time, throughput rate, cycle time, and inventory. In this brief exercise, we define the relationships among these metrics, focusing specifically on a concept called Little’s Law and distinguishing among throughput rate, throughput time, and cycle time—hence the title.
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