Examlex
Define manufacturing cycle time in the context of JIT systems.
Returns To Scale
The change in output as all inputs are increased proportionally in the production process.
Inputs
The resources such as labor, materials, and capital that are used in the production process to create goods and services.
Returns To Scale
The rate at which output increases in response to proportional increases in all inputs or factors of production.
Production Function
An equation that describes the maximum amount of output that can be obtained from a given number of inputs.
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