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Why is project management popular tool in recent years?
Goldratt - Theory of Constraints 1 identify the systems constraints 2 exploit the systems constraints 3 subordinate everything else to the above decision 4 elevate
What are three considerations in the wage determination criterion "ability to pay"? Why, by itself, can't the ratio of labour cost to total cost always be the formula of a company'
how to solve the problem?
Q. Explain the concept of the quality of assurance system? Quality assurance is a systematic and planned action to give adequate confidence which a product or item conforms to
A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper i
What is meant when a variable, like the possible selling prices for a new item like a mouse pad, is said to be uniformly distributed?
Explain the relationship among 'Business Ethics' and 'Corporate Social Responsibility' Ethics may be viewed as a set of moral principles that guide behaviour, based on what is
What do you understand by “line balancing”? What happens if balance doesn’t exist?
Your company invests $50,000 today at an annual interest rate of 4.00%. The interest is compounded quarterly. Calculate the first quarter interest, the total annual interest and th
Line Balancing- Line: an assembly line composed of various work stations, at which particular operations are performed.- To work efficiently, with no work pile-ups between stations, the line must be balanced, for example work must get through each workstation in roughly similar amount of time.Goals:1. To meet production goals,2. Maximize output.General Approaches to Line Balancing Technique1. Estimating number of operators for a specific number of stations,2. Work element sharing: grouping “activities” each work elements into “stations” or jobs performed by a single person (occasionally multiple people work in concert at a single station or machine)
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