What is IIP? The Index of Industrial Production (IIP) conveys the status of production in the industrial sector of an economy in a given period of time‚ in comparison with a fixed reference point in the past. The IIP numbers‚ released every month in India‚ for instance‚ use 1993-94 as the base year for comparison. The IIP figures are generally seen as an important but short-term indicator of whether industrial activity in a country has risen or dipped‚ till more detailed studies or surveys are
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Subject: Impacts of National Rural Employment Guarantee Act (NREGA) - Decline in Food Crop Production – Emergency refinement required to balance the Food Production and Rural Employment… Introduction: The World Bank says that more than 30 per cent of the Indian population lives on less than $1 a day‚ but Indian economists believe that the figure of poor could be much more than the estimate. Successive governments tried various means to fight poverty with little success. The UPA government
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Q1. Of the following production functions‚ which exhibit increasing‚ constant‚ or decreasing returns to scale? a. F(K‚L) = K2 L b. F(K‚L)=10K + 5L c. F(K‚L)= KL.5 Q2. Suppose the process of producing lightweight parkas by Polly’s Parkas is described by the function q=10K8 (L-40).2 Where q is the number of parkas produced‚ K the n umber of computerized stitching-machine hours and L the number of person-hours of labor. In addition to capital and labor‚ $10 worth of raw materials
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Examination Paper of Production and Operations Management IIBM Institute of Business Management Examination Paper Production and Operations Management Subject Code-B107 MM.100 Section A: Objective Type & Short Questions (30 marks) This section consists of multiple choice & Short Notes type questions. Answer all the questions. Part one questions carry 1 mark each & Part two questions carry 5 marks each. Part One: Multiple choices: 1. Production and Operations Management
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DISCUSS THE FOLLOWING: DIVERSIFICATION According to investment word. Com diversification is a portfolio to reduce exposure to risk by combining a variety of investments‚ such as stock‚ bonds and real estate‚ which are unlikely to all move in the same direction. It can also be defined as manufacturing business terminology used to describe the act of increasing choices for when to order what supplies from whom to bring products to the market. Assof
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Article Review Want More from Lean Six Sigma? By Klaus Neuhaus and Peter Guarraia published by Harvard Business School Publishing - newsletter While Lean Six Sigma can be extremely effective in correcting manufacturing or service industry - related bottlenecks‚ it is less suitable for uncovering hidden sources of ineffectiveness‚ as well as diagnosing the biggest opportunities for improvement. To get the best value out of Lean Six Sigma‚ business and process - savvy companies take a “diagnostic
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Running head: PRODUCTION PLAN FOR RIORDAN MANUFACTURING Production Plan for Riordan Manufacturing University of Phoenix Online OPS 571: Operations Management December 21‚ 2009 Production Plan for Riordan Manufacturing Introduction Riordan Manufacturing‚ Inc. is a global leader in the field of plastic injection molding with state of the art design capabilities that has made the company competitive in the global market. Riordan has three operating entities in Georgia‚ Michigan
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Josiah Wedgewood Josiah Wedgewood’s competitive advantage comes from his innovations of marketing and the way he set his focus on the demand side vs. other industrial manufacturer who mostly focused on the supply side of the production. He took full advantage of being first mover to serve the growing middle class population. Wedgewood understood the importance of differentiation. He developed cream ware product with a single pale color that closely resembled porcelain. Cream ware line was cheap
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Short Essay – The idiom of co-production – The idea of StS The new civilization of postmodern age‚ which brings with it a new economy‚ new political order and a new lifestyle in the ever-accelerating flow of historical time is accompanied by our terms of radical transformation of society to overcome one-sided and narrow rational-scientific and technological world view. At present‚ technology‚ social‚ economics‚ ethics and other areas do not develop independently of each other‚ but their relationships
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Mass production of food and the effect on its consumers and the community. Mass production of food and the effect on its consumers Abstract Where does the food we consume come from? We go to the grocery store and always know that the products we want will be there. Nothing runs out and we can pick up whatever we need. Meat‚ eggs‚ produce and even convenient frozen pre-made meals. But before we pick it up in the grocery store we never see
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