Formulas Flashcards
1
Q
Total production needed
A
Total FCST Demand + EI - OI
2
Q
Production each period
A
Total production needed/ # periods
3
Q
Ending inventory
A
OI + Production - FCST Demand
4
Q
Yield mgmt
A
Total profit = avg profit per service unit sold * # of service units sold
5
Q
Forecast error
A
Demand - FCST
6
Q
MFE
A
Sum of forecast error/ n
7
Q
TS
A
RSFE/MAD
8
Q
If fixed cost increases, break even point
A
Increases
9
Q
Percent value added time
A
100%*(value added time/cycle time)
