Question

In: Economics

1) What is the way of increasing and decreasing capacity in long range and intermediate range?...

1) What is the way of increasing and decreasing capacity in long range and intermediate range?

2) What is the difference between qualitative and quantitative and give examples?

3) how the capacity flexability can be acheived?

Expert Solution

The number of units a facility can hold receive, store or produce in a period of time is known as capacity.

1. Long range capacity- Long range capacity of company is dependent on various other capacities like design capacity , production capacity, sustainable capacity and effective capacity.

* Add facilities

* Add long lead time equipment

Intermediate range capacity- The tactical capacity planning performed by organization for 2 to 3 years of a time frame is called intermediate range capacity.

* Add equipment

* Add shifts

* Add personnel

In calculus, derivative of a function used to check whether the function is decreasing or increasing on any intervals in given domain. For a given function, y = F(x), if the value of y is increasing on increasing the value of x, then the function is known as an increasing function and if the value of y is decreasing on increasing the value of x, then the function is known as a decreasing function.

2. QUALITATIVE

* A method for developing a better understanding of human and social sciences, in understanding human behaviour and personalities better.

*It employees a subjective approach.

*It is generally expressed using words.

*It has open - ended quations.

*The qualitative needs only a few respondents.

* Qualitative is holistic in nature.

* Example - Data are taste, smell, colour etc.

QUANTITATIVE

* It is the method used to generate numerical data by using a lot of techniques such as logical, statistical and mathematical techniques.

* It employees an objective approach.

* It is expressed using the graphs and numbers.

* It has multiple choice questions.

* The quantitative requires many respondents.

* Quantitative Research is particularistic in nature

* Example- Data are age, Salary, Height, Shoe size etc.

3. In such an environment, the use of overtive production could be the means to create frexibility in capacity. overtime production is defined as production that is performed using permanent resources in addition to production during regular working hours.

Rahul Sunny answered 1 year ago

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