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Setup time for a product is 12 hours. A firm that uses JIT and produces the same product has reduced setup time to 1 hour. Setup labor is $6 per hour. The non-value-added costs are
Environmental Assessment
An evaluation process that examines the environmental impact of a proposed project or action before proceeding.
Scoping
The process of determining and documenting the aims, objectives, and boundaries of a project, including what is and is not included in the work.
EIS
Environmental Impact Statement, a document prepared to describe the effects for proposed activities on the environment.
NEPA
The National Environmental Policy Act, a U.S. law that mandates federal agencies to assess the environmental effects of their proposed actions prior to making decisions.
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