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Eric has never had any formal training in computer science, yet everyone at the office recognizes him as a genius with hardware and software. On numerous occasions, he has repaired a piece of equipment that seemed unsalvageable or helped someone recover a document they thought was lost forever. When asked how he always seems to know just the right solution, he just shrugs and says with a laugh that if anybody spent as much time messing around with computers as he has, then they would be able to do the same thing. This is an example of
Short-Range Plans
Strategic plans developed to achieve goals or objectives within a relatively short time frame, typically up to one year.
Loading
The assigning of jobs to work or processing centers.
Yield Management
Capacity decisions that determine the allocation of resources to maximize profit or yield.
Transportation Method
A mathematical technique used in logistics and operations research to determine the most cost-effective way of distributing goods from several suppliers to several consumers.
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