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What are routine and strategic decisions?
Routine decisions are of repetitive nature that do not need much analysis and evaluation, are in the context of everyday operations of the enterprise and can be made rapidly at middle management level. Strategic decisions concern to policy matter, are taken at higher levels of management following careful analysis and evaluation of different alternatives, involve huge expenditure of funds and slight mistake in decision making is injurious to the enterprise.
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Mike is preparting the x-bar chart and the R chart for Uncle Ben's 2lb. box rice packaging line. Using the standard sample size of 9 items. Mike found the average range is .02 l
uses and application in managerial decision making
Bloomsday Outfitters produces T-shirts for road races. They need to acquire some new stamping machines to produce 30,000 good T-shirts per month. Their plant operates 200 hours per
What do you understand by line balancing? what happens if balance doesn''t exists?
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1) Jimmy runs a business in his basement that spin aligns and marks golf balls with logos for tournaments. The automated machine goes through three serial steps; the first step tak
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