Search results for keyword: discrete
Material Requirements Planning
Material Requirement Planning Overview
Material Requirement Planning (MRP) is a production planning and inventory control system used to manage manufacturing processes. It is used to plan requirements for production, inventory, and purchasing for companies that manufacture discrete products. The ......
1032 
Lily
Productivity
Increasing Production Efficiency
Production efficiency plays an undeniably important role when considering business operations. Efficiency often directly relates to the bottom line in terms of either increasing production or cutting operating costs. It is no surprise, then, that many executives a......
Function breakdown
Introduction
Functional decomposition is a method of breaking down a system into individual components and studying their functions from a hierarchical perspective. It sets out to identify the major components or sub-systems and then evaluates each in detail. This paper will discuss the need for ......
total cost
Total Cost Management
Total Cost Management (TCM) is a strategic approach to managing projects that seek to incorporate a holistic, company-wide approach to cost management. This approach is based on a set of principles and tools that allow teams to manage resources, costs and timelines more effe......
Le Chatelier, H.-L.
Introduction
People around the world are increasingly aware of the importance of living a healthy life. Eating nutritious food, exercising regularly and getting adequate sleep are necessary for good health and well-being. But good health habits also involve developing positive attitudes and behav......
Markov
Markov Processes
Markov Processes are a powerful tool for modelling and analysing systems that evolve over time. Markov Processes are stochastic processes, which means that their behaviour is determined by randomness rather than pre-determined logic. This makes them especially useful for predicti......
Ruian Baoya Stamping Factory
Ruian City Baoyachong Parts Factory
Ruian City Baoyachong Parts Factory is located in the industrial zone of Ruian City, Zhejiang Province. Set up in 1996, it is a key enterprise in Ruian City. The factory is mainly engaged in the manufacture and sale of spare parts and accessories for various ve......
Porter's Diamond Theoretical Model
The De Boer Diamond Model
Businesses often strive to gain a competitive advantage over the competition. In order to accomplish this, they often turn to the De Boer Diamond Model. Developed by Professor Harry De Boer in the mid-1980s, the Diamond Model is a diagnostic tool which delineates the fou......
global trade free zone
Global Trade Free Zones
Global trade free zones are discrete duty-free areas around the world where International trade is facilitated through the reduction or elimination of taxes and duties which may be imposed by a government on goods exported or imported. They are also referred to as duty-fre......
successive approach method
Introduction
The concept of continuous approximation was initially developed by electrical engineers seeking to analyze behavior of circuit systems. This method of analysis seeks to minimize errors in modeling by assuming that the system is infinite and infinitely differentiable, avoiding separat......
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