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Economic Order Quantity (EOQ):
in this method, our interest is on the raw material that we are going to use in the production. However, we need to do the EOQ method for each kind of raw material, if the product needs multiple material to be manufactured. Usually, this type of analysis is one shot method, because the period we are planing to order for is long (the assumption is that the period is non-ending).
As for Economic Production Quantity (EPQ):
The concentration is one the final product , which has been manufactured in the plant. This analysis is done once just like EOQ. A company could have more than one product that is when we do this method for each product. Here we assume that the production rate is greater than the demand rate. in this case we will need to manufacture the product for a certain period (production uptime). Then we stop the production (production shutdown) until the next uptime, which should be around the time where the inventory is near finishing. For the case where the demand is greater than the production you just produce the maximum amount you can.
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What is the difference between iron and steel industry in jamshedpur and in Detroit?
The iron and steel industry in Jamshedpur, India, is primarily dominated by Tata Steel, which is one of the largest steel producers in the world. In contrast, Detroit, Michigan, was historically a major hub for the automotive industry, which heavily relied on steel for manufacturing cars. While both cities have a history of industrialization and steel production, the focus and scale of the industries differ due to varying economic factors and market demands.
How to differ from production and productivity?
Production refers to the volume, value or quantity of goods and services produced by a worker, plant, firm or economy. Its the sum total of the results achieved by the various factors together. Productivity, on the other hand, is concerned not merely with the total value or volume of output of product, what is more important is that it shows us the efficiency of the production. The difference between the two is when we find that all increases in production, does not necessairly result in increased productivity. If increase in total output is brought about with an increase in the input of factors of production, production will have increased, but productivity will only remain constant or low. Keeping all factors same, when we achieve higher output, then it is called increased productivity. Production refers to the volume, value or quantity of goods and services produced by a worker, plant, firm or economy. Its the sum total of the results achieved by the various factors together. Productivity, on the other hand, is concerned not merely with the total valur or volume of output of product, what is more important is that it shows us the efficiency of the production. The difference between the two is when we find that all increases in production, does not necessairly result in increased productivity. If increase in total output is brought about with an increase in the input of factors of production, production will have increased, but productivity will only remain constant or low. Keeping all factors same, when we achieve higher output, then it is called increased productivity. In fact Productivity refers to the quality of production. The clear definition of Productivity is the ratio of output to aggregate inputs. As per the International Labour Organization, the aggregation, if done in monetory terms, gives the exact value of productivity. A bit of common sense can tell that productivity is valued higher than one..as output should be more than all the inputs put together. However, it is not uncommon to hear the words labour productivity, material productivity etc. When such factors of production are referred with the word 'productivity', one has to understand that the evaluation of such factors with reference to production(output) is being done. In technical terms, we call them partial productivities. for example, Labour productivity means that the ratio of output to the corresponding labour input. This can be the out put achieved per man-hrs spent to get that output.
What are the various approaches to study OB?
The term imperialism was used from the third quarter of the nineteenth century to describe various forms of political control by a greater power over less powerful territories or nationalities, although analytically the phenomena which it denotes may differ greatly from each other and from the "New" imperialism.A later usage developed in the early 20th century among Marxists, who saw "imperialism" as the economic and political dominance of "monopolistic finance capital" in the most advanced countries and its acquisition - and enforcement through the state - of control of the means (and hence the returns) of production in less developed regions. Elements of both conceptions are present in the "New imperialism" of the late 19th and early 20th centuries. But along with the adoption of ultra-nationalist ideologies, the period saw a shift to pre-emptive colonial expansion, fueled by the imposition of tariff barriers aimed at excluding economic riThe term imperialism was used from the third quarter of the nineteenth century to describe various forms of political control by a greater power over less powerful territories or nationalities, although analytically the phenomena which it denotes may differ greatly from each other and from the "New" imperialism.A later usage developed in the early 20th century among Marxists, who saw "imperialism" as the economic and political dominance of "monopolistic finance capital" in the most advanced countries and its acquisition - and enforcement through the state - of control of the means (and hence the returns) of production in less developed regions. Elements of both conceptions are present in the "New imperialism" of the late 19th and early 20th centuries. But along with the adoption of ultra-nationalist ideologies, the period saw a shift to pre-emptive colonial expansion, fueled by the imposition of tariff barriers aimed at excluding economic rivals from markets.English writers have sometimes described elements of this period as "the great adventure." During this period, the advanced European nations bought through treaties and in some cases, conquered through acts of war, 20% of the Earth's land area (nearly 23,000,000 km²). Africa, Asia and the Pacific Islands, the remaining world regions thatThe term imperialism was used from the third quarter of the nineteenth century to describe various forms of political control by a greater power over less powerful territories or nationalities, although analytically the phenomena which it denotes may differ greatly from each other and from the "New" imperialism.A later usage developed in the early 20th century among Marxists, who saw "imperialism" as the economic and political dominance of "monopolistic finance capital" in the most advanced countries and its acquisition - and enforcement through the state - of control of the means (and hence the returns) of production in less developed regions. Elements of both conceptions are present in the "New imperialism" of the late 19th and early 20th centuries. But along with theThe term imperialism was used from the third quarter of the nineteenth century to describe various forms of political control by a greater power over less powerful territories or nationalities, although analytically the phenomena which it denotes may differ greatly from each other and from the "New" imperialism.A later usage developed in the early 20th century among Marxists, who saw "imperialism" as the economic and political dominance of "monopolistic finance capital" in the most advanced countries and its acquisition - and enforcement through the state - of control of the means (and hence the returns) of production in less developed regions. Elements of both conceptions are present in the "New imperialism" of the late 19th and early 20th centuries. But along with the adoption of ultra-nationalist ideologies, the period saw a shift to pre-emptive colonial expansion, fueled by the imposition of tariff barriers aimed at excluding economic rivals from markets.English writers have sometimes described elements of this period as "the great adventure." During this period, the advanced European nations bought through treaties and in some cases, conquered through acts of war, 20% of the Earth's land area (nearly 23,000,000 km²). Africa, Asia and the Pacific Islands, the remaining world regions that had largely been uncolonized by Europeans, became the primary targets of this new phase of imperialist expansion; in the latter two regions, Japan and the United States joined the European powers but did not succeed., Asia and the Pacific Islands, the remaining world regions that had largely been uncolonized by Europeans, became the primary targets of this new phase of imperialist expansion; in the latter two regions, Japan and the United States joined the European powers but did not succeed. had largely been uncolonized by Europeans, became the primary targets of this new phase of imperialist expansion; in the latter two regions, Japan and the United States joined the European powers but did not succeed.vals from markets.English writers have sometimes described elements of this period as "the great adventure." During this period, the advanced European nations bought through treaties and in some cases, conquered through acts of war, 20% of the Earth's land area (nearly 23,000,000 km²). Africa, Asia and the Pacific Islands, the remaining world regions that had largely been uncolonized by Europeans, became the primary targets of this new phase of imperialist expansion; in the latter two regions, Japan and the United States joined the European powers but did not succeed.
Can you overload static functions in c plus plus?
Yes, but overloads cannot differ by return type alone. The signatures must differ by the number and/or the type of the arguments.
How does reverse tunnel differ from forward tunnel in mobile IP protocol?
its backwards
Economic systems differ according to what two main characteristics?
Answer: Who owns the factors of production, and the methods used to coordinate economic activity.
How does macro economics differ from micro economics?
Macro economic is differ from micro economic because macro economic study as a whole economics but micro economic study only of an individual.
How does a longrun production function differ from a shortrun production function?
üProduction function shows technological relationship between quantity of output and quantity of various inputs used in production. üProduction function in economic sense states the maximum output that can be produced during a period with certain quantity of various inputs in the existing state of technology. üIt is the tool of analysis which is used to explain input - output relationships. üIn general it tells that production of a commodity depends on specified inputs. ü ü
How do economic activities in Alaska differ from than Texas?
Ok
Compare and contrast the different economic systems and how they differ in achieving goals?
compane and contnast the diffearence typcs of economic sys tem
What is the significance of the Leontief production function in economic analysis and how does it differ from other production functions?
The Leontief production function is significant in economic analysis because it focuses on the fixed proportions of inputs needed to produce a certain level of output. This differs from other production functions, such as the Cobb-Douglas function, which allow for varying proportions of inputs. The Leontief function is useful for analyzing industries where inputs must be used in specific ratios, like in manufacturing or agriculture.
How did the command economy under Stalin differ from a capatalist economy?
A command economy is a system where the government controls economic activity and the production and distribution of goods. In a capitalist economy, such things are determined by market forces.
Are types of economy and economic systems the same thing. To what extent do economic systems differ. Why have different ways to produce and allocate goods and services developed?
Types of economy and economic systems are related but not the same; types of economy refer to the broader categories (such as traditional, market, command, and mixed economies), while economic systems specifically describe how these economies operate in terms of production and distribution. Economic systems differ in their approaches to ownership, decision-making, and resource allocation, reflecting varying degrees of government intervention and market freedom. Different ways to produce and allocate goods and services have developed due to historical, cultural, political, and social factors, as societies adapt to their unique circumstances and values.
What are the main differences between Eurasia and Eastasia in terms of their political systems and economic development?
Eurasia and Eastasia differ in their political systems and economic development. Eurasia is characterized by a totalitarian regime with centralized control, while Eastasia has a more authoritarian government with some degree of decentralization. In terms of economic development, Eurasia focuses on industrial production and military strength, while Eastasia emphasizes technological innovation and trade.
How did the economic systems of the soviet union and US differ?
Slob on my knob like corn on a cob
What is Karl Marx's account of morality as a byproduct of economic activity?
Marx believed that there were no absolute rules of morality. They change as the means of production changes. What was moral in the feudal society might no longer be moral in the industrial one, because society's values change along with the change in economic systems. Economic changes cause new classes to arise and each new class has its own values which necessarily differ the previous class and its values.
The 26 cantons that form the confederation of Switzerland?
differ greatly in culture, religious practices, and economic activities.
