Which Operations Management Technique Attempts to Reduce the Machine Setup

question 85

Multiple Choice

Which operations management technique attempts to reduce the machine setup costs in the production system?

• A) Facilities layout
• B) Inventory management
• C) Quality circles
• D) Flexible manufacturing
• E) JIT

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Definitions:

Net Cash Flows

The total amount of cash being transferred into and out of a business, reflecting the company's overall financial health over a specific period.

Amortization Period

The length of time over which the principal of a debt is scheduled to be paid down through amortization.

Discounted Cash Flow

A valuation method used to estimate the value of an investment based on its expected future cash flows, adjusted for time value of money.

Payback Period

The duration required to recover the initial investment in a project or asset, based on the cash inflows that the investment generates.