ACCA F5: Chapter 3 - Planning With Limiting Factors

8 cards

ACCA F5, c h 3


 
  
Created Oct 26, 2011
by
SarBobBear

 

 
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  Side A   Side B
1
1 Introduction   What constraints can a firm face?
 
1 Introduction   - limited demand   - limited skilled labour and other production...
2
2 Planning with one limiting factor   What are the five steps using key factor...
 
2 Planning with one limiting factor   Step 1: identify the bottleneck constraint   Step...
3
3 Several limiting factors – linear programming   Steps involved for linear programming
 
3 Several limiting factors – linear programming  
4
3 Several limiting factors – linear programming   Limiting factor analysis assumptions    
 
  1) There is a single quantifiable objective – e.g. maximise contribution. In reality...
5
4 Shadow prices and slack   1) What is slack?   2) Why is it important?...
 
4 Shadow prices and slack   1) Slack is the amount by which a resource is under-utilised....
6
4 Shadow prices and slack   1) What are shadow (duel) prices?   2) How...
 
4 Shadow prices and slack   1) It represents the maximum premium that the...
7
4 Shadow prices and slack   How to calculate shadow costs
 
4 Shadow prices and slack   Step 1: Take the equations of the straight lines...
8
4 Shadow prices and slack   What are the implications of shadow prices?  
 
4 Shadow prices and slack   - Management can use shadow prices as a measure of...


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