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E(Y X1,... ,Xk) = Pr(Y = 1
X1,... ,Xk) means that
Low-Cost Visual Devices
Tools and devices designed to visually signal information in the workplace in an efficient and cost-effective manner, often used in lean manufacturing.
Rapid Communication
The swift exchange of information or messages, often facilitated by technology, to speed up decision-making processes.
Non-Value Added Activities
Processes or actions that consume resources but do not directly contribute to the final product or customer value, often targeted for elimination in efficiency efforts.
Schematic
A diagram that represents the elements of a system using abstract, graphic symbols rather than realistic pictures.
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