Please login here to save this document to a list.
If you don't have an account, you can register for free here.
$39.00
ALL FEES INCLUDED
| Add to Cart |
HIGHLIGHTS
BENEFITS OF DOCUMENT
DOCUMENT DESCRIPTION
Little's Law, is a significant regularity in queueing theory. It was proved by John D. C. Little in 1961.
Little's Law states that the average number of customers in a queuing system that is in a steady state is equal to the product of their average arrival rate and their average time spent in the system.
Although this seems intuitively reasonable, it is a result worth noting: it implies that this behavior is completely independent of the probability distributions used, and thus no assumptions need be made about the distribution of arrival times or dispatch discipline.
Little's Law is important in the context of process optimization, among other things. Especially in the context of process control based on Kanban, it is applied as an important approach with regard to the optimization of processes and throughput.
Contents
• Short Historical Intro of Little's Law
• Little's Law & Its Elements
• Necessary Assumptions for Little's Law to work
• Little's Law in a Knowledge Based Context (Kanban / Kanban IT)
Application
This presentation can of course be used as it is offered. It also contains a suggestion for an additional text for the presenter. However, it is recommended to adapt the presentation for one's own needs so that it can be used optimally tailored to the purpose intended by the presenter.
Got a question about the product? Email us at [email protected] or ask the author directly by using the "Ask the Author a Question" form. If you cannot view the preview above this document description, go here to view the large preview instead.
Source: Little's Law - Introduction PowerPoint (PPTX) Presentation, Slidemaster
ABOUT THE AUTHOR: SLIDEMASTER
[read more]
Slidemaster is a team of specialists and consultants from the fields of:
• Project Management
• Agility: Scrum / Kanban / DSDM / Lean / Design Thinking / LegoÃ?® Serious PlayÃ?®
• Change Management
• Business Analysis
• Leadership & Management
As such, we often create presentations and documents for trainings, consulting mandates and workshops. We have shared these with each other in the past so that work once done can be used by others. Many presentations have been created as part of projects for top 500 companies, others for small businesses or government organizations.
We have decided to make our products available to other consultants and companies under the brand name "Slidemaster" for a small expense contribution. Some presentations also contains notes on the slides in the file, which can be used for a presentation.
DETAILS
This business document is categorized under the function(s): Information Technology Organization, Change, & HR
It applies to All Industries
File Type: PowerPoint (pptx)
File Size: 3.2 MB
Number of Slides: 37 (includes cover, transition, & marketing slides)
Purchase includes lifetime product updates. After your purchase, you will receive an email to download this document.
Terms of usage (for all documents from Slidemaster)
Initial upload date (first version): Apr 19, 2021
Most recent version published: Apr 19, 2021
![]() | Download our free compilation of 50+ Strategy & Transformation slides and templates. Frameworks include McKinsey 7-S Strategy Model, Balanced Scorecard, Disruptive Innovation, BCG Experience Curve, and many more. To receive this free download, enter your email address below and click the "Email Me" button. |
|
"Flevy is our 'go to' resource for management material, at an affordable cost. The Flevy library is comprehensive and the content deep, and typically provides a great foundation for us to further develop and tailor our own service offer."
– Chris McCann, Founder at Resilient.World
|
|
"FlevyPro provides business frameworks from many of the global giants in management consulting that allow you to provide best in class solutions for your clients."
– David Harris, Managing Director at Futures Strategy
|
|
"Flevy is now a part of my business routine. I visit Flevy at least 3 times each month.
Flevy has become my preferred learning source, because what it provides is practical, current, and useful in this era where the business world is being rewritten. In today's environment where there are so many challenges and there is the need to make the right decisions in a short time, with so much scattered information, we are fortunate to have Flevy. Flevy investigates, selects, and puts at our disposal the best of the best to help us be successful in our work." – Omar Hernán Montes Parra, CEO at Quantum SFE
|
|
"I have used FlevyPro for several business applications. It is a great complement to working with expensive consultants. The quality and effectiveness of the tools are of the highest standards."
– Moritz Bernhoerster, Global Sourcing Director at Fortune 500
|
|
"I have found Flevy to be an amazing resource and library of useful presentations for lean sigma, change management and so many other topics. This has reduced the time I need to spend on preparing for my performance consultation. The library is easily accessible and updates are regularly provided. A wealth of great information."
– Cynthia Howard RN, PhD, Executive Coach at Ei Leadership
|
|
"As a consultant requiring up to date and professional material that will be of value and use to my clients, I find Flevy a very reliable resource.
The variety and quality of material available through Flevy offers a very useful and commanding source for information. Using Flevy saves me time, enhances my expertise and ends up being a good decision." – Dennis Gershowitz, Principal at DG Associates
|
|
"If you are looking for great resources to save time with your business presentations, Flevy is truly a value-added resource. Flevy has done all the work for you and we will continue to utilize Flevy as a source to extract up-to-date information and data for our virtual and onsite presentations!"
– Debbi Saffo, President at The NiKhar Group
|
|
"My FlevyPro subscription provides me with the most popular frameworks and decks in demand in today’s market. They not only augment my existing consulting and coaching offerings and delivery, but also keep me abreast of the latest trends, inspire new products and service offerings for my practice, and educate me in a fraction of the time and money of other solutions. I strongly recommend FlevyPro to any consultant serious about success."
– Bill Branson, Founder at Strategic Business Architects
|
![]() Do You Want to Get Lean?
We've assembled 40 Lean Six Sigma guides: Lean Management, Six Sigma, Strategy Planning, Process, and Change Management.
|
![]() Waste Too Much Time on PowerPoint?
Get our FREE PowerPoint Plugin (Flevy Tools) for creating common business diagrams, from Gantt Charts to Harvey Balls.
|
![]() Do You Run a Consulting Firm?
Learn how to level the playing field with global consulting firms, like McKinsey, BCG, Bain, E&Y, and Accenture.
|
![]() Need Help with PowerPoint or Excel?
Have our highly trained staff create the exact documents you need. We offer PowerPoint and Excel document creation services.
|
© 2012-2023 Copyright. Flevy LLC. All Rights Reserved.