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## MGSC 395 Week 5

by: Rachel Whitbeck

25

0

2

# MGSC 395 Week 5 MGSC 395

Rachel Whitbeck
USC
GPA 4.0

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These notes cover what we went over in class from Monday, February 29 through Wednesday, March 2. They include information on linear programming and lean production systems. I had the flu for this ...
COURSE
Operations Management
PROF.
Pearse Gaffney
TYPE
Class Notes
PAGES
2
WORDS
CONCEPTS
Management Science, Operations Management
KARMA
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## Popular in Business, management

This 2 page Class Notes was uploaded by Rachel Whitbeck on Sunday March 20, 2016. The Class Notes belongs to MGSC 395 at University of South Carolina taught by Pearse Gaffney in Spring 2016. Since its upload, it has received 25 views. For similar materials see Operations Management in Business, management at University of South Carolina.

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Date Created: 03/20/16
MGSC 395 MW 5:30 Monday, February 29, 2016  Linear programming L-P o A method to allocate scarce resources among competing demands  Is an optimization methodology  For us, this means we will try to either maximize or minimize something o The objective function- a math expression of the thing we will maximize or minimize o Decision variable- the things we can control for which we are trying to find the optimal value o Constraints  Hard limits that impact our ability to choose something about our decision variables  Have to be <, =, or > o Steps to set up an L-P 1. Define the decision variables 2. Write out the objective function 3. Wrote out the constraints o RHS- right hand side o POM- defaults to 0, don’t forget the 1 Wednesday, March 2, 2016 Lean production systems Notes are mostly on powerpoint o 7 (or 8) wastes o Remember TIM WOOD o Lean house o Lean production tools o Takt time- run your machine 24/7 to get your money’s worth, but don’t run it at all of you don’t have enough demand  Available time÷ demand o Kanban- control production flow  Limits production  Means card or signal  Supermarket- backwards E looking thing  When someone buys a thing, that’s the signal to make another one of those things  Kaizan= continuous improvements o Poka yoke- error proof o 5S- sort, set in order, shine, standardize, sustain o Six sigma o 99% good is not good enough o 99.99966% is o Bell curve will move- shift happens

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