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umka21 [38]
3 years ago
10

When tackling process improvement, deming found that the ____________of the variation was critical?

Business
1 answer:
MatroZZZ [7]3 years ago
5 0
The knowledge of variation was critical.

Most important is understanding what is below.

It seems that most business executives were not trained on understanding processes and variation. They study how to manage people and money, but not how to listen to a process through data, and use that data to make improvements. Because many are not familiar with Dr. W. Edwards Deming’s enlightened insights on data and variation, they are unaware of the importance of process data and that different types of variation exist –and that those different types of variation require different types of responses. Deming also said, "How would they know?" If no one ever taught them (even worse if they were taught approaches that seem to work –even though in reality they sometimes do more harm than good), indeed, how would they know?

The point is this: when the wrong data is used or different types of variation go unrecognized, undiagnosed, or are confused, the resulting decisions and actions tend to increase costs, reduce quality, reduce productivity, and foster frustration throughout the organization.

Simply put, Dr. Deming emphasized in his writings, that business leaders have typically been taught to treat everything they don’t like as having a "special cause" reason as to why it happened, and thus want to investigate what one thing or person was responsible for causing the "aberration". People in general, seem to be wired and trained to go looking for THE reason that something bad or good happened. This problematic approach is often reinforced, because we can usually find "something unusual" associated with the thing we are investigating. Unfortunately, this "something unusual" is rarely the cause of the problem
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Pepsico's CFO uses this equation, which was developed by regressing inventories on sales over the past 5 years, to forecast inve
Mandarinka [93]

Answer:

The inventory forecast for next year is $ 120.4.

Explanation:

In this question relationship between sales and inventory is expressed in the form of an equation. This problem requires us to tell the value of inventory if sales is $ 400. So we can simply calculate the inventory value by putting value of x= 400 in the equaltion given in the question.

Inventories = $26.8 + 0.234 x

Inventories = $26.8 + 0.234 ($400)

Inventories = $ 120.4

(<em>Assume sales increase is due to increase in quantity sold not price</em>)

5 0
3 years ago
David retires at the age of 70, the last year he worked he earned $40,000 and his social security payments for the first ear tot
Maru [420]

If David retires at the age of 70, the last year he worked he earned $40,000. His replacement rate is: 50%.

<h3>Replacement rate</h3>

We would be using this formula to determine the replacement rate

Replacement rate=Social security payments/Amount earned last year ×100

Where:

Social security payments=$20,000

Amount earned last year=$40,000

Let plug in the formula

Replacement rate=$20,000/$40,000

Replacement rate=0.5×100

Replacement rate=50%

Therefore If David retires at the age of 70, the last year he worked he earned $40,000. His replacement rate is: 50%.

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6 0
2 years ago
because it receives a substantial portion of its funding from state legislatures, which industry was hit particularly hard due t
Xelga [282]

Public universities were particularly hard-struck by the recession that started in late 2007 since a large chunk of their funding comes from state legislatures.

<h3><u>Public universities: What are they?</u></h3>

How they are supported is the key distinction between public and private organizations. While private universities are mostly supported by their own endowment money and students' tuition fees, public schools are primarily subsidized by the state governments of each individual state. Individual donors may also make gifts to private institutions, perhaps in exchange for having structures named after them.

(Donations are also given to public colleges.) The price of enrollment is yet another significant distinction between public and private institutions. State governments heavily subsidize public universities, allowing them to offer students lower tuition costs. On the grounds that their taxes support state governments, in-state residents are given preferential tuition rates at public universities.

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brainly.com/question/15844073

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4 0
2 years ago
Beta Inc. can produce a unit of Zed for the following costs:
Zanzabum

Answer:

The correct answer is D.

Explanation:

<u>First, we will determine the unitary production cost:</u>

<u></u>

Unitary production cost= 10 + 20 + (0.6*50)

Unitary production cost= $60

We only consider the avoidable overhead costs.

Buy= $58 per unit

<u>The unitary cost of buying is lower than making in-house by $2.</u>

4 0
3 years ago
The law of diminishing marginal utility explains why? a. demand curves slope downward.b. addicts can never get enough.c. people
Fynjy0 [20]
C! Hope u get it right!
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