Examlex
Merit pay plans are believed to be one of the reasons why organizations have engaged in risky and unethical behaviour.
Optimal Solution
The best possible answer to a problem, given constraints and objectives, usually determined by mathematical models or algorithms.
Filled Cells
In manufacturing or production layouts, cells or units that are maximally utilized with machinery or equipment, optimizing space and workflow.
Stepping-stone Method
A procedure used in linear programming to find the optimal solution for transportation problems by iteratively improving the current solution.
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