Examlex
Reinforcement under a fixed-ratio schedule is based on a particular average number of responses.
EMV
Expected Monetary Value, a concept in decision making and risk management that calculates the average outcome when the future includes scenarios that may or may not happen.
Capacity Decision
Decisions related to the amount of resources needed by an organization to meet changing demands for its products.
Process-focused Shop
A production facility organized around processes to facilitate low-volume, high-variety production.
Repetitive Focus
A production strategy where the same products or services are produced in high volumes over a long period using a dedicated set of resources.
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