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Edwin is the HR manager at a customer care unit with approximately 1,000 employees.He wants to statistically analyze the service data to make the recruitment process more effective by identifying desirable and undesirable qualities of employees.Edwin decides to use ratio measurement to measure the customer handling time for each employee.Which of the following,if true,would specifically support the decision to gauge turnaround time using ratio measurement?
Linear Programming
An optimization method for achieving the best outcome in a mathematical model whose requirements are represented by linear relationships.
Holding Costs
Expenses associated with storing inventory over a certain period, including warehousing, insurance, depreciation, and opportunity costs, among others.
Level Scheduling
is a production strategy aimed at producing goods at a consistent rate, balancing production output with customer demand to minimize inventory costs and optimize operational efficiency.
Aggregate Planning Horizon
The timeframe over which a company plans its overall production levels and inventory positions to meet forecasted demand, typically ranging from 3 to 18 months.
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