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In today's business world, competitiveness defines leading edge in industry and business. The drive toward maximum efficiency is constantly at the forefront of such companies' objectives. Engineering professionals and business leaders across the county are striving to Cellular Manufacturing practices to help mitigate risk and uncertainty associa
This book introduces general techniques for thinking systematically and quantitatively about uncertainty in engineering decision problems. It shows how conditional expectations and conditional cumulative distributions can be estimated in a simulation model.
Written by an expert who has seen firsthand the limitations of traditional lean manufacturing, this book demonstrates how an awareness of manufacturing business metrics is absolutely essential for every lean manufacturing practitioner. The author outlines case studies relating world events and manufacturing efficiency and presents lean manufacturing strategies and techniques designed to accelerate responses to current and future events on the floors of the world¿s manufacturing facilities. The book introduces key methods for harnessing market forces by following the Three Golden Rules to reduce production and inventory costs.
Covering the prediction of outcomes for engineering decisions through regression analysis, this reference presents statistical reasoning and interpretational techniques to aid in the decision making process when faced with engineering problems.
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