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Factors Determining Production Control1. Nature of Production: In job oriented manufacturing products and operations designed for some particular order which may or may not be repeated in future. Here production usually requires more time whereas in a continuous manufacturing system inventory problems are more complex but control operations are rather simple due of fixed process. In mixed stock and custom manufacturing system inventory troubles are more complex but control operations are rather simple because of fixed process . in mixed stock and custom manufacturing systems the problem control is further complicated due to simultaneous scheduling of combined process.
2. Nature of Operations/Activities : In intermittent manufacturing system the operations markedly varied in terms of their nature sequence and duration. Because of this the control procedures requires continuous modifications and adjustments to suit the requirement of each other.
3. Magnitude of Operations: Centralized control secures the most effective co ordination but as an organization grows in size, decentralization of some production control function becomes essential. The degree to which the performance of an activity should be decentralized depends upon the scope of operations and convenience of their locations.
Consider a $1,000 par value, 7% annual coupon bond. The bond matures in 9 years. Assuming the bonds required return is 10%, what is its current yield? (Semi-annually compounding)
Comment on this " model building is the excess of operation research
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1.52. Let S1, S2, . . . , Sk be a collection of finite, nonempty sets. This collection has an SDR if and only if for every t %u2208 {1, . . . , k}, the union of any t of these sets
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How can a firm's security policies contribute and relate to the six main business objectives? Give examples.
A quality control unit in ball-bearing manufacturing company keeps record of error in terms of the number of faulty balls (W) per a lot. The size of standard lot is 8, and the prob
Almost all project have deliverables dealing with documentation and customer ennoblement in addition to the primary deliverable
Develop a forecast for years 2 through 12 using exponential smoothing with ? = .4 and a forecast for year 1 of 6. Plot your new forecast on a graph with the actual data and the nai
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