Examlex
The floor value of a bond can change if market interest rates for competitive bonds change.
Load-distance Problem
An optimization issue in operations research, focusing on minimizing the total distance that loads must be moved within a facility.
Work Centers
Locations within a manufacturing operation where specific tasks are carried out, usually consisting of one or more machines or work areas.
Process-oriented Layout
A way of arranging equipment and workstations in a workspace where similar processes are grouped together, aimed at optimizing efficiency in production or service operations.
Material Flow
The movement, storage, control, and protection of materials, goods, and products throughout the process of manufacturing, warehousing, distribution, consumption, and disposal.
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