what is little law and why it is so called?

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what is little law and why it is so called?..

The fundamental long-term relationship between Work-In-
Process, throughput and flow time of a production system in
steady state is:

Inventory =Throughput × Flow Time

The law is formed in 1961 by John Dutton Conant Little
February 1, 1928) is an Institute Professor at the
Massachusetts Institute of Technology
So it is called Little law

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