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| {{Other uses|Throughput}}
| | Hi there. My name is Sophia Meagher even though it is not the title on my beginning certificate. My working day occupation is an information officer but I've currently applied for an additional one. For a whilst I've been in Alaska but I will have to transfer in a year or two. One of the issues she enjoys most is canoeing and she's been performing it for fairly a while.<br><br>Feel free to surf [http://Isaworld.Pe.kr/?document_srl=392088 free psychic] to my [http://www.edmposts.com/build-a-beautiful-organic-garden-using-these-ideas/ real psychic readings] web-site :: accurate psychic readings; [http://www.indosfriends.com/profile-253/info/ www.indosfriends.com], |
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| Throughput is the movement of inputs and outputs through a production process. Without access to and assurance of a supply of inputs, a successful business enterprise would not be possible.<ref>{{cite book|last=Besanko, Dranove, Shanley, and Schaefer|title=Economics of strategy, 5th ed.|year=2010|publisher=Wiley}}</ref>
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| In the business management [[Theory of Constraints]], '''throughput''' is the rate at which a [[system]] achieves its goal. Often this is monetary revenue and is in contrast to '''output''', which is inventory that may be sold or stored in a warehouse. In this case '''throughput''' is measured by revenue received (or not) at the point of sale—exactly the right time. Output that becomes part of the [[inventory]] in a warehouse may mislead investors or others about the organizations condition by inflating the apparent value of its assets. The [[Theory of Constraints]] and [[throughput accounting]] explicitly avoid that trap.
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| Throughput can be best described as the rate at which a system generates its products / services per unit of time. Businesses often measure their throughput using a mathematical equation known as Little's Law, which is related to inventories and [[process time]]: time to fully process a single product.
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| Using Little's Law, one can calculate throughput with the equation:<br />
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| <math>I=R*T</math>, <br />where ''I'' is the number of units contained within the system, Inventory; ''T'' is the time it takes for all the inventory to go through the process, Flow Time; and ''R'' is the rate at which the process is delivering throughput, Flow Rate or Throughput. If you solve for ''R'', you will get:<br /> | |
| <math>R=I/T</math>
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| ==References==
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| {{reflist}}
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| ==External links==
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| *Goldratt, Eliyahu and Jeff Cox. The Goal. Croton-on-Hudson: North River Press, 2004.
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| [[Category:Process management]]
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| {{Business-term-stub}}
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Revision as of 05:57, 6 February 2014
Hi there. My name is Sophia Meagher even though it is not the title on my beginning certificate. My working day occupation is an information officer but I've currently applied for an additional one. For a whilst I've been in Alaska but I will have to transfer in a year or two. One of the issues she enjoys most is canoeing and she's been performing it for fairly a while.
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