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The Fama-French Three-Factor Model Is Based on

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The Fama-French three-factor model is based on


Definitions:

Efficiency

The ratio of useful output to total input, measuring how effectively resources are utilized.

Process Time

The time required to complete a particular process, often including the steps of production or task execution.

Bottleneck Management

The process of identifying, managing, and mitigating bottlenecks or points of congestion that slow down production or workflow in an operation.

Work Orders

A formal document that outlines the details for completing a specific task or job, typically including what needs to be done, by whom, and by when.

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