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Interdependent sub-systems
A striking feature of complex, open systems is that each comprises a set of highly interdependent sub-systems. For instance, the human body consists of several complex sub-systems (nervous, skeletal, circulatory, digestive, etc) none of which can survive independently of the others. Each of these sub-systems in turn comprises lower-level interacting sub-systems, and so on.
Looking in the other direction, any system can be seen as a sub-system of one or more higher-level systems. For example, the operations, finance and marketing systems are interdependent sub-systems of the firm. The firm, in turn, is a subsystem of other systems: the industry, the economy, the taxation system, etc.
Activity Sampling - Process Design This is a method of finding the percentage occurrence of a certain activity by statistical sampling and random observation. It is used when
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What happens if balance doesn’t exist
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As a part of the strategic planning process, our firm will have to examine external factors with the EFE Matrix and internal factors with the IFE Matrix. If we only do one of these
Optimal solutions to linear programming problems are found under probabilistic assumptions
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