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In setting up a kanban control system and you need to determine the number of kanban card sets needed.If the expected demand during lead time is 50 per hour,the safety stock is 20% of the demand during lead time,the container size is 4.If the lead time to replenish an order is 2 hours,what number of kanban card sets is needed?
Regulatory Policies
Regulatory policies are rules established by governments or regulatory bodies to guide the operation of businesses and organizations, with the aim of protecting public welfare.
Production Possibilities Frontier
A curve depicting all maximum output possibilities for two or more goods given a set of inputs, representing efficiency.
Opportunity Cost
The cost of choosing one alternative over another, represented by the benefit foregone from not choosing the next best alternative.
Inefficient
Referring to a lack of effectiveness, not achieving maximum productivity; resulting in a waste of time, energy, or material.
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