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Linear Programming,waiting Line,simulation,and PERT/CPM Are All Parts of Which Era

question 47

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Linear programming,waiting line,simulation,and PERT/CPM are all parts of which era of operations management?


Definitions:

Free Trade

A policy approach where governments do not restrict or impose tariffs on imports and exports between countries, aiming to encourage international trade.

Hispanic Population

A demographic group in the United States and other countries characterized by individuals of Hispanic or Latino origin.

Tariffs

Taxes imposed by a government on imported or exported goods, often to protect domestic industries or to generate revenue.

External Factor

Influences that impact a business or situation from outside its control, such as economic conditions, social trends, or technological advancements.

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