Ad
related to: production volume metrics
Search results
Results from the WOW.Com Content Network
The CLIP value of a certain “bundle“ (location, PL, Segment etc.) of part numbers is calculated by averaging the CLIP values of the individual part number in that “bundle“. Each part number in an aggregation (“bundle”) is counted as 1, irrespective of how big the volume of production for that part number is.
The difference (1.4% versus 1.5%) is caused by the different production volume used in the models. In the productivity model the input volume is used as a production volume measure giving the growth rate 1.063. In this case productivity is defined as follows: output volume per one unit of input volume.
Even if the production function variables of profitability and volume were in the model, in practice the calculation can also be carried out in compliance with the cost function. This is the case in models C & T as well as Gollop. Calculating methods differ in the use of either output volume or input volume for measuring the volume of activity.
Variable overhead – production costs that increase or decrease depending on the quantity produced. For example, electricity is a variable overhead. For example, electricity is a variable overhead. If a company increases production, it will also increase the usage of equipment, which will result in a higher electricity bill.
Statistical process control (SPC) or statistical quality control (SQC) is the application of statistical methods to monitor and control the quality of a production process. This helps to ensure that the process operates efficiently, producing more specification-conforming products with less waste scrap.
Overall equipment effectiveness (OEE) is a set of broadly accepted nonfinancial metrics that reflect manufacturing success. OEE = availability x performance x quality; Availability = run time / total time; by definition this is the percentage of the actual amount of production time the machine is running to the production time the machine is ...
The volume metric could be applied to the 4 types of OLT. The figure obtained from this calculation will be the average time (e.g. in days) between order placing and the requested delivery date of a specific customer under consideration of the average quantities ordered during that particular time.
Note that the m³ gas conversion factor takes into account a difference in the standard temperature base for measurement of gas volumes in metric and imperial units. The standard temperature for metric measurement is 15 degrees Celsius (i.e. 59 degrees Fahrenheit) while for English measurement the standard temperature is 60 °F.
Ad
related to: production volume metrics