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Table 7.3
A company uses a kanban system. The daily demand for part A is 4000 units. The average waiting time for a container of parts is 0.2 day. The processing time for a container of part A is 0.8 day, and a container holds 300 units.
-Use the information in Table 7.3.How many kanban containers would be required if a 15 % efficiency factor is used?
Opportunity Cost
The act of losing possible benefits from other routes when a single path is chosen.
Trade
The exchange of goods and services between individuals, businesses, or countries, which can be domestic or international in nature.
Corn
A cereal plant that yields large kernels on a cob, used as food for humans and livestock and as a raw material in industry.
Factor Endowments
Refers to the quantity and quality of resources a country or region possesses, such as labor, land, and capital.
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