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Well-functioning financial markets
Machine Centre
A designated area within a manufacturing facility where machines are grouped by the functions they perform, often used to optimize production flow and efficiency.
Average Completion Time
The average time taken to complete a set of tasks or job orders, often used as a measure of performance in production and service environments.
Job Lateness
The situation in which a task or project is not completed within the scheduled timeframe, leading to potential delays in the overall process or workflow.
Earliest Due Date
A scheduling method that prioritizes tasks, projects, or orders based on their due dates, starting with the earliest, to optimize workflow and minimize delays.
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