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Benefits of Group Technology 1.Reduced Flow Times: Compared to the earlier process layout, there are very few halts. Hence flow times are reduced considerably. 2.Process Tim
Need for safety 1. Cost Saving: Two type of costs are incurred by the management when an accident occurs. There are the direct costs in the form of compensation paya
a) Provide a detailed evaluation of an equity investment decision in the current economic climate. Your briefing should include: i) A review of the 'top-down' analysis tha
Aggregate planning is an operational method that does an aggregate plan for the production procedure, in advance of 2 to 18 months, to provide an idea to management as to what amo
P o w e rful cost reduction The project cost accounting will track the quality-related costs which can be an important management tool. For example, suppose there are some
What is the important role of Controlling in the management? Controlling: Controlling is described as which managerial function that seeks to make sure an absolute c
Q. Why do projects always seem to take longer than expected? Usually this is because it is relatively easy to assign time allowances to all the activities that have been though
Precedence diagram and identify the element A task having 12 work elements and their logical relationship and time ( in Seconds ) taken is given in the table below. C
Varying Utilization Plan The utilization of workers is varied keeping it he workforce size and inventory size constant. The number of workers is kept constant in this plan. Du
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