Examlex
An international ad hoc group of climatologists and oceanographers needs to set up a system to analyze massive amounts of data on ocean temperatures, collected hourly by hundreds of ships worldwide. What types of hardware might they need for storage and processing? What techniques might they use to make their research more efficient and lower costs?
Anchoring and Adjustment
A psychological heuristic where initial information serves as a reference point for future decisions and adjustments.
Extended MRP
Manufacturing Resource Planning with additional functionalities that provide a more comprehensive planning system, integrating aspects like project management and finance.
Basic MRP
A simpler version of Material Requirements Planning that focuses on the essential calculations to determine material needs without advanced optimization or capacity planning features.
Manufacturing Operation
Manufacturing operation refers to the processes and activities involved in converting raw materials into finished products, including assembly, machining, and quality control.
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