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What Is the Term for a System in Which the Product

question 97

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What is the term for a system in which the product being worked on is physically attached to the line and automatically moved to the next station when the cycle time has elapsed?


Definitions:

Capital Investment

Funds invested in a firm or enterprise for the purpose of furthering its business objectives.

Stand-Alone Principle

Evaluation of a project based on the project’s incremental cash flows.

Equivalent Annual Cost

A financial analysis tool used to compare the cost effectiveness of different assets by breaking down their costs into equivalent annual amounts.

Net Present Value

The difference between the present value of cash inflows and the present value of cash outflows over a period of time for an investment.

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