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The technique that estimates long-run costs and the minimum efficient scale by determining the scale of operation at which most firms in an industry are concentrated is called the-
Statistical cost estimation technique
Engineering estimation technique
Back-of-the-envelope approach
Survivor approach
Monte Carlo simulation is a technique used as part of: Answer Risk identification Risk assessment Risk monitoring and control Risk handling
Suppose that at any period of time a photo-copier machine can either be working properly, in need of maintenance, in need of minor repair, or in need of major repair. If the photoc
You are asked to analyze the kanban system of LeWin, a French manufacturer of gaming devices. One of the workstations feeding the assembly line produces part M670N. The daily deman
Q. What are the advantages of the enterprise-wide systems? Benefits of Enterprise-wide systems (ERP) systems: a. In this system integration of software applications can easi
In Haifa Israel its illegal to take what to the beach
On a recent trip to India, Mr. Yang, a prominent Chinese executive, dined with his client Himanshu Jain. Mr. Yang commented that the food was spicy, which Mr. Jain interpreted as a
Examples of organisations that practice Lean synchronisations
You have a lease on an oil and gas property with 87.5% NRI that delivers your firm annual profits of $400,000 for five years, with equal production in each year (you will need to t
Value Driven Approach The second approach is a value drive approach to operations management. The value driven approach starts by recognizing that a business is a set of proce
Briefly explain the four different approaches to social responsibility that an organization can adopt.
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