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Table 7.3
A company uses a kanban system. The daily demand for part A is 4000 units. The average waiting time for a container of parts is 0.2 day. The processing time for a container of part A is 0.8 day, and a container holds 300 units.
-Use the information in Table 7.3.How many kanban containers would be required if a 15 % efficiency factor is used?
Aggressive Optimism
A mindset or investment strategy characterized by a high expectation for positive outcomes, often leading to higher risk-taking.
Conservatism
In accounting, it is a principle that requires potential expenses and liabilities to be recognized immediately, but revenues only when they are ensured.
Indirect Planning Assumptions
Presumptions made about external factors that could influence an organization's planning, without direct control over them.
Direct Planning Assumptions
Fundamental assumptions that are explicitly stated and used as a base in the strategic planning and forecasting processes.
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