Archive | Production

Absorbing Fluctuations in Demand | Production

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 […]

Control Charts for Variables and Attributes | Quality Control

After reading this article you will learn about the control charts for variables and attributes. Control Charts for Variables: A number of samples of component coming out of the process are taken over a period of time. Each sample must be taken at random and the size of sample is generally kept as 5 but […]