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1. What is quality function deployment (QFD)? Provide an example of how it can be used.
2. List the five advantages of successful implementation of group technology.
3. Describe the differences between moving averages and exponential smoothing.
4. Which one of the four components of a time series is rarely forecast, and why is this?
5. What is a make-or-buy decision and why is it so important?
Explain inventory control. Inventory Control - its importance and scope: Inventory control is the scientific way of finding out how much stock be maintained so as to meet the
A manufacturer concerned mainly with production efficiencies and reducing unit costs is known as Production oriented.
What is the forecast for Aug based on a weighted moving average applied to the following past demand data and using the weights: 5, 3, 1.5? (largest weight is for most recent data)
Case Study---Memorial Health System CPOR Implementation. What is the typical IT implementation process? What are the roles and responsibilities involved in system implementation? H
A survey performed by Simmons Market Research investigated the percentage of individuals in various age groups who indicated they were willing to pay more for environmenlal.ly frie
Line Balancing Line balancing is arranging a production line so that there is an even flow of production from one work station to the next i, e, so that there are no delays at a
Explain a formal or informal mutual agreement. - The mutual agreement may be as given below: (a) Union security. (b) Bonus, wages and other benefits. (c) Terms and con
Explain why operational efficiency is so important to Net Income, Return on Capital and Income.
A chemical firm produces sodium bisulfate in 100-pound bags. Demand for this product is 30 tons per day. The capacity for producing the product is 50 tons per day. Setup costs $100
Q3. What do you understand by “line balancing”? What happens if balance doesn’t exist?
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