1. Define production. What are the factors of production? Define production: Production means the creation of Utility. Through production inputs are converted into output which can satisfy or meet wants or demands. So production is a process of transforming inputs into useable outputs. Utilities are created in three forms such as (i) Changing the form (ii) changing time and (iii) changing place. Example: Wood in a forest generally has no utility to a consumer but cutting the wood‚ changing
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Assignment I compile a detailed report on “Operation Geronimo” in the context of logistics. Ans : Operation Geronimo Osama bin Laden‚ head of the Islamist militant group al-Qaeda‚ was killed in Pakistan on May 2‚ 2011‚ shortly after 1 a.m. local time by a United States special forces military unit. The operation‚ code-named Operation Neptune Spear‚ was ordered by United States President Barack Obama and carried out in a US Central Intelligence Agency (CIA) operation by a team of United States
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Differences between Self-support Logistics and the Third-party Logistics ——Report on the supply chain of CoCo-tea and Li’s Soya-bean Milk Shop Overview of the two shops CoCo Fresh Tea& Juice CoCo Fresh Tea& Juice was born in 1997 on the shores of Tamsui‚ a picturesque coastal town sitting on the edge of the great Taipei metropolis. Driven by a passion to serve drinks of the highest quality and incomparable variety of the urbanites of our new age‚ the founders of
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APPLICATIONS OF AUGMENTED REALITY IN CONSTRUCTION PROJECT PHASES Akshay MN1‚ Harikrishnan Ranjith2‚ Hrushikesh MG3‚ Mayank Agrwal4‚ Sayali Kolte5 ABSTRACT Construction is a game of uncertainties. Unforeseen circumstances pop up almost on a daily basis in a construction project. Being able to foresee them and to rectify the issues without a fatal effect defines the success of a project. Augmented reality helps in visualizing many of these unwanted errors which are hidden in the real world. This
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-LOGİSTİCS- -Definition of Logistics: Logistics is the management of the flow of resources between the point of origin and the point of destination in order to meet some requirements‚ for example of customers or corporations.The resources managed in logistics can include physical items such as food‚ meterials‚ equipment‚liquids‚ and staff as well as abstract items such as information‚particles‚ and energy. The logistics of pyhsical items usually involves the integration of information flow
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He takes me enter new sector about logistics‚ make me deeply interest to logistics. Secondary‚ I would like to express my heartfelt gratitude to lectures who led me into the world of translation. I am also greatly indebted to the lectures at the logistics: Mr. Romeo N.Dumaguing‚ Mr. Dickson Lee‚ Mr. Max Mew‚ Mr. Henry Leong‚ Mr. Goh SK‚ Mr.`Yong SC who have instructed and helped me a lot in the past one years. To my family‚ I thank them for their love and support; my parents‚ my gratitude for their
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Logistics is the process of strategically managing the procurement‚ movement and storage of materials‚ parts and finished inventory (and the related information flows) through the organization and its marketing channels in such a way that current and future profitability are maximized through the cost-effective fulfilment of orders. supply chain management The management of upstream and downstream relationships with suppliers and customers to deliver superior customer value at less cost
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References: Bowersox‚ Donald J.‚ Closs‚ David J. & Cooper‚ M.Bixby : “Supply Chain Logistics Management”‚ The MCGraw-Hill Companies‚Inc. ‚ 2nd ed. 2007. Bowersox‚ Donald J.‚ Closs‚ David J. and Theodore P.Stank‚ 21 st Century Logistics: Making Supply Chain Integration a Reality ‚ Oak Brook‚ IL; Council of Logistics Management‚ 1999. Copacino‚ William C. “Supply chain management: The basics and beyond”‚ CRC Press LLC‚ 1997. Schroeder‚ Roger G. : “Operations
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1. Supply chain management consists of firm collaborating to leverage strategic positioning and to improve operating efficiency. Within a firm’s supply chain mgt‚ logistic is the work required to move and geographically position inventory. The supply chain mgt is driving the world’s major global companies. Ten years ago‚ the typical supply chain for manufacturing companies was domestic. Today-thanks to the migration of manufacturing to China and other lower-cost countries-it’s just as likely to
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The Oxford dictionaries (2010) defined health as: ‘1) the state of being free from illness or injury; 2) a person’s mental or physical conditions’. The same dictionary defined wellbeing as: ‘the state of being comfortable‚ healthy or happy‘. Both health and wellbeing combined together can be defined as the sum of physical‚ mental‚ social and emotional part of a person. These are the ‘resources’ for health according to WHO’s 1986 Ottawa Charter‚ (Earle‚ 2007). It’s also inline with the health definition
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