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

Question

Quizplus · Accepted Answer

Little's law states that in a stable system, the long-term average number of items in a system (inventory), multiplied by the average time each item spends in the system (flow time), is equal to the average rate of arrival of items into the system (throughput). Therefore, the long-term relationship among inventory, throughput, and flow time is known as Little's law. Choice A, B, D, and E are not relevant to this concept.

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