Managing and reducing total cycle time: models and analysis

Cycle time management and reduction (CTM) is the manufacturing philosophy that follows TQM and JIT. CTM seeks to reduce the total time required to perform all the activities that occur during order processing, design, supply management, production and distribution of a product or service.Three models are developed for supporting CTM — a simple stochastic model, a Markov chain model and a queueing model. The reengineering approach is also …