Calculate the Takt Time If a Company Has Demand for 300

question 13

Essay

Calculate the takt time if a company has demand for 300 items a day.7.5 hours of work time are available per day and the company works 5 days a week.

Recognize the influence of heuristics and cognitive biases on decision-making processes.

Identify factors that impact individual and market behaviors from a behavioral economics perspective.

Learn about the importance of context and situation in shaping economic decisions.

Describe the role of System 1 and System 2 thinking in decision making.

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Definitions:

Scientific Theory

In science, a widely accepted explanation supported by a large body of observations and experiments. A scientific theory relates facts that appear unrelated; it predicts new facts and suggests new relationships. Compare with hypothesis.

Unchangeable

A term describing something that cannot be altered or modified.

Hypotheses

Proposed explanations for a phenomenon, made as a starting point for further investigation.

Observations

The act of noting and recording something with instruments or the senses as a part of scientific research or empirical study.