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PLANT LAYOUT AND MATERIALS HANDLING
Compound Interest Factors
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100 percent efficiency activities alternative analyst approach assembly assume base rate begin binomial distribution calculated capital recovery factor carrying cost central line computations considered control charts control limits cost per unit Critical Path Method demand schedule described determine distribution economic lot elements employees equipment estimate example factors of production firm flow process chart given illustrate incentive plan inches increase inspection investment involved labor costs lot sizes machine materials handling means ment method normal normal distribution number of defects obtain operator process chart output performed period physical units plant layout Poisson distribution population average population proportion probability problem procurement production control department production management production schedule proportion of defectives purchased quantity result safety stock sales forecast sample averages sample ranges shown in Figure specific standard deviation station Statistical Quality Control therbligs tion total annual cost uniform annual variable wage incentive yield