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Decision Making and the Production Function
The Nature of Decision Making
Problems of Production Management
53 other sections not shown
activity actual aggregate planning alternatives analysis areas assembly average balance basic breakeven point Buffa capacity capital costs cent Chapter concept control chart cycle decision problems decision rules demand determine developed diagram discussed distribution economic effect equipment estimate example factors feedback fixed costs flow forecast function heuristic idle important incremental costs indicate page numbers industry input inspection inventory involved labor costs line layout linear programming load machine man-machine systems manufacturing material measure ment methods milling machine Numbers in parentheses opportunity costs output overtime parentheses indicate percent performance plant Poisson distribution problem process chart process planning production design production economics production management production rate production system result salvage value sampling schedule schematic sequence shown in Figure simulation situation solution specific standard sunk cost tion tool Turret lathe units variable costs volume waiting line warehouse Westinghouse Electric Corporation