According to the Law of Variability, Converting from an Assemble-To-Order

question 55

True/False

According to the law of variability, converting from an assemble-to-order to a make-to-order production process should increase productivity of the manufacturing processes.

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Definitions:

Technological Progress

Advances in technology that improve the efficiency of production processes, leading to higher output with the same or lower input levels.

Total Fertility Rate

The average number of children that would be born to a woman over her lifetime in a specific population or country.

Birthrate

The number of live births per thousand of the population per year, reflecting the growth rate of a population.

Replacement Rate

Replacement rate refers to the percentage of a worker's pre-retirement income that is paid out by a pension program upon retirement, indicating the level of income continuity after retirement.