The long-term relationship between 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 the above

Question

Quizplus · Accepted Answer

Little's Law states that in a steady-state system, the long-term relationship between inventory (I), throughput (R), and flow time (T) is I = R x T. This law is widely used in operations management to analyze and improve production systems. Peterson's Rule, Murphy's Law, and Robert's Rule are not related to this topic.

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