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Industrial Production Index
The measure of the combined output of all products like mining, manufacturing, and electric and natural gas utilities organization in the United States as compiled by the Federal Reserve. When the industrial production index divided by an index of productive capacity, yields the capacity utilization rate that is a measure of capital use identical to the way the unemployment rate measures labor use.
Features of Production and Operation Management 1. Production management is the process of making decisions. 2. Decisions are made regarding transformation of inputs outputs. 3
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What is assuming by Theory X? Ans: Theory X assumes that a typical person dislikes work.
Explain OR Models
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