Examlex
Which of the following types of reliability estimates is appropriate for use with the TAT?
Local Optimization
A process of optimizing a specific area or department within an organization without necessarily considering its impact on the whole system.
Global Optimization
Global Optimization is the process of finding the best possible solution or achieving the highest efficiency across all possible solutions in a given mathematical model or situation.
Decentralized Supply Chain
A supply chain management strategy where decisions and activities are distributed among various stakeholders or units instead of being centrally controlled, allowing for flexibility and localized decision-making.
Drop Shipping
A retail fulfillment method where a store doesn't keep the products it sells in stock. Instead, when a store sells a product, it purchases the item from a third party and has it shipped directly to the customer.
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