Two techniques or decision processes employed for planning and absorbing fluctuations in demand are as follows:- 1. Graphic Technique 2. Linear Programming Method. 1. Graphic Technique: The graphic technique is simple and shows clearly the fluctuations in production demand. However, it simply compares different alternative plans and by itself does not generate optimum plan. Moreover it is a static technique. [...]
After reading this article you will learn about:- 1. Definition and Concept of Inspection 2. Purposes or Objectives of Inspection 3. Kinds. Definition and Concept of Inspection: An item or component or product which is manufactured is required to perform certain functions. The act of checking whether a component actually does so or not is called Inspection. In other words, [...]
After reading this article you will learn about the process and machine capabilities. Process Capabilities: A process capability study is a determination of the total spread of the process as determined by measuring the product produced under controlled conditions. The process capability is independent of the specification but is determined by: (i) The condition of the machine, (ii) Operator skill, [...]