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Consider a workstation that can process 4 units per minute. It takes 2 hours to receive an order from the previous station. The container size is 10 units. The factory sets safety stock at 20 percent of demand during lead time. How many kanbans are needed for the workstation?
Linear Regression
A statistical method used to model the relationship between a dependent variable and one or more independent variables by fitting a linear equation to observed data.
Independent Variable
The variable in a study or experiment that is manipulated or considered as the cause to determine its effect on a dependent variable.
Dependent Variable
The variable in an experiment that is expected to change as a result of manipulations to the independent variable.
Highly Correlated
Refers to two or more variables that have a strong linear relationship with each other, indicated by a correlation coefficient close to either 1 or -1.
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