Production and Operations Analysis, Seventh Edition
Production and Operations Analysis, Seventh Edition
7th Edition
ISBN: 9781478623069
Author: Steven Nahmias, Tava Lennon Olsen
Publisher: Waveland Press, Inc.
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Chapter 1.7, Problem 16P
Summary Introduction

To determine: The meaning of the given phrase in the context of time based competition. Whether the fact that entering market first is the factor of success.

Introduction: The introduction into a market for the first time of a product with different characteristics and innovative design ahead of its counterparts is called the time based competition. To become a time-based competitor some modifications are needed in the organization of some of the procedures. By adopting new techniques, the total time needed to produce a product or service is decreased.

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