This text provides informative, short introductions to the core concepts of Operations Management. This text contains more than 50 concept entries and is fully cross-referenced.An outstanding reference for Operations Management students at all levels.
An output is the conceptual description of the tangible or intangible end result of the act of producing through an operations system.
Output and Productivity
Operations management is goal orientated: its purpose is to make sure that a system is used to produce an output from inputs. The production of outputs, however, is usually not without constraints. There may be several restrictions on inputs or resources used to generate the output. In the business world, a universal constraint is the cost of inputs and resources. This constraint is captured by the productivity ratio. Productivity is obtained by dividing outputs (e.g. in units or currency) by inputs (e.g. in units or currency, respectively). Operations management is about producing output with maximum, or challenging, productivity targets. In order ...