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Types of Process Technologies - Project
Project technology deals with one of kind products that are tailored to the unique requirements of each customer. A general construction company with its many kinds and sizes of projects is an example of project technology. Since the products cannot be standardized the conversion process must be flexible in its equipment capabilities human skills and procedures. The conversion process features problem solving teamwork, and coordinated design and production of unique products.
Lowest Cost Entry method s( LCEM) or Matrix Minima Method: Step1: Determine the smallest cost in the cost matrix of the transportation table. Let it be ( C ij ). Allocate
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