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Process Planning
In the design of processes there is a certain similarity to the design of products, in that there is a hierarchy of design stages. At the top level, process planning, there is the conceptualisation of several feasible methods of delivering the product or service, followed by the screening and selection of the one to be implemented. There follows the detailed design of the various operations to be performed: facility layout and job design.
At what rate of interest, compounded annually, will an investment triple itself in (a) 8 years ? (b) 10 years? (c) 12 years?
What does use of the term sales rather than demand presume?
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