Instead of Dividing by Nc to Determine the Efficiency of a Line

question 86

Multiple Choice

Instead of dividing by nc to determine the efficiency of a line balance,you could divide by:

• A)the number of workers times the number of stations.
• B)the number of tasks plus the number of stations.
• C)the sum of the task times plus the sum of the idle times.
• D)(1-balance delay).

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Definitions:

Optimal Resource Allocation

The most efficient distribution of resources in an economy, achieving the best possible balance of production and distribution to meet the needs and wants of the population.

ITQs

Individual Transferable Quotas, a system in resource management where individuals or companies have the right to a portion of the total allowable catch or quota.

Least Costly Way

The most efficient method of achieving a desired outcome or producing a good or service, minimizing expenses while meeting specified objectives.

Economic Efficiency

A condition where resources are allocated in a way that maximizes the net benefit to society.