Critical
Ratio(CR)
Critical Ratio is an index number computed by dividing the time remaining until
due
date by the work time remaining. As opposed to priority rules, critical
ratio is dynamic and
easily updated. It tends to perform better than FCFS, EDD, SPT,
and LPT on the average
job lateness(delays) criterion. The critical ratio gives priority
to jobs that must be done to
keep shipping on schedule. It is used in conjuction with MRP
systems and has broad
industrial application. The critical ratio is measure of urgency
of any order compared to the
other orders for the same facility. The ratio is based on when the completed order is
required and how much time is required to complete.
The step for using this rule are: