A manufacturer of thermostats uses a Kanban system to control the flow of materials. The packaging center processes 10 thermostats an hour and receives completed thermostats every 30 minutes. Containers hold 5 thermostats each.
(a) How many Kanban are needed for the packing center?
(b) If management decides to keep two thermostats as safety stock, how many Kanban will be needed?
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The official definition for a quantitative model is " Collection of mathematical and statistical methods used in the solution of managerial and decision-making problems, also called operations research (OR) and management science."
The official definition for a quantitative model is " Collection of mathematical and statistical methods used in the solution of managerial and decision-making problems, also called operations research (OR) and management science."
The quantitative aptitude test measures the numerical ability and accuracy in mathematical calculations. The questions range from purely numeric calculations to problems of arithmetic reasoning, graph and table reading, percentage analysis, categorization and quantitative analysis The quantitative aptitude test measures the numerical ability and accuracy in mathematical calculations. The questions range from purely numeric calculations to problems of arithmetic reasoning, graph and table reading, percentage analysis, categorization and quantitative analysis
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Quantitative research is empirical research that uses statistics, numerical data, and mathematics. It is used to answer problems that are not case specific and have a broader reach.