UGBA 10 Lecture Notes - Lecture 13: Fixed Cost, Variable Cost

• School: Berkeley
• Department: Business Administration Undergraduate Program
• Course: UGBA 10
• Professor: John Briginshaw

Document Summary

The way in which customers become part of the process and the extent of participation. Better quality, faster delivery, greater flexibility, lower cost. Managing timing and volume can he hard. Layouts may have to be revised to accommodate for customer involvement and waiting lines. The ease with which employees and equipment can handle a wide variety of products, output levels, duties, and functions. Requires more educated and better trained workers higher salaries. Requires a relatively low investment and makes fixed cost small. Good to do the job but not at peak efficiency. Relatively high investment and makes high fixed cost. Mix of equipment and human skills in a process. Replacing human operations and control of machinery and equipment with some form of programmed control. Programmable machine that is capable of manipulating materials in order to perform tasks. Well suited for dangerous, tedious, dirty, and physically demanding tasks. Line processes with high volumes and low customization.