Progressive Manufacturers That Create a Design That Lowers Production Costs

question 55

Multiple Choice

Progressive manufacturers that create a design that lowers production costs and improves quality in all stages of production are using a practice known as:

• A) design for disassembly.
• B) benchmarking.
• C) continuous improvement.
• D) design for manufacturing.
• E) operations engineering.

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Definitions:

Pure Strategy

In game theory, a strategy where a player consistently chooses a specific action.

Mixed Strategy Equilibrium

in game theory, is a situation where players in a game choose a mixture of strategies probabilistically.

Probabilities

A measurement of the likelihood or chance of a specific outcome or event occurring.

Infinite Horizon

An economic analysis perspective where the time frame considered extends indefinitely into the future.