If a Company Is Building a Hotel and Plans for Two

question 118

Multiple Choice

If a company is building a hotel and plans for two grand opening dates,they are most likely engaged in

• A) contingency planning.
• B) crisis management.
• C) investment reduction.
• D) differentiation.
• E) none of these.

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Definitions:

Load-distance Problem

A logistic problem that seeks to minimize the distance that loads must be moved in a facility layout.

Process-oriented Layout

An arrangement of resources in a production or service area designed to streamline operations by grouping similar processes together.

CRAFT Software

A software tool designed for optimizing facility layout by reducing material handling costs through iterative relocation of departments.

Work Cell

A production setup designed around a specific set of processes or jobs that are physically grouped together, often in a manufacturing setting, to improve efficiency and flow.