If a Company Can Eliminate All Sources of Variance in a Process

question 23

Multiple Choice

If a company can eliminate all sources of variance in a process:

• A)It will be able to operate at maximum capacity at all times.
• B)There will be no constraints in the process.
• C)Continuous improvement will not be necessary.
• D)None of these are true.

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Definitions:

Algorithm

A methodical, logical rule or procedure that guarantees solving a particular problem. Contrasts with the usually speedier—but also more error-prone—use of heuristics.

Trial and Error

A problem-solving method involving repeated, varied attempts which are continued until success is achieved or the agent stops trying.

Heuristic

A simple thinking strategy that often allows us to make judgments and solve problems efficiently; usually speedier but also more error-prone than algorithms.

Heuristics

Mental shortcuts or rules of thumb that simplify decision making, often used in problem-solving and judgment situations.