Question

The equation, Work in progress = Throughput * Cycletime, is known as

Answer 1

The equation work in progress = throughput * cycle time is known as Little’s Law.

Throughput time is the time needed by a product to go through the different stages of production and Throughput rate is the rate at which a product is produced.

Cycle time is the duration in finishing a particular job, function or task.

It is a very useful law in queuing theory.