capacity management

The Kingman Formula in Capacity Planning / Capacity Management

What is the Kingman Formula? The Kingman Formula (or Kingman Law) is a mathematical relationship from queueing theory, applicable to systems with capacity and demand. It shows us the relationship between queue time (wait time) and capacity utilisation. Want to learn more about Operations Management? Access the FREE mini training course: THE FORGOTTEN FUNDAMENTALS OF OPERATIONS […]

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What is Capacity Planning in Operations Management?

‘Capacity’ Definition in Operations / Supply Chain The (output) capacity of an operation is the maximum amount of value-adding output (per time period) that can be sustained under normal operating conditions. Capacity can be measured in many different ways, across many different industries. This is not the same as volumetric capacity nor the common expression

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