The long-term relationship among the inventory, throughput, and flow time of a production system in steady state is called which of the following?
A) Peterson's rule
B) Murphy's law
C) Little's law
D) Robert's rule
E) None of these choices are correct.

Question

Quizplus · Accepted Answer

Little's law describes the relationship between inventory, throughput, and flow time in a production system in steady state. It states that inventory is equal to throughput multiplied by flow time. This law is widely used in operations management and production planning.

The Long-Term Relationship Among the Inventory, Throughput, and Flow Time