Chapter 6: Problem 2
How many consistent observations does it take to prove a conjecture? How many inconsistent observations does it take to disprove a conjecture?
Chapter 6: Problem 2
How many consistent observations does it take to prove a conjecture? How many inconsistent observations does it take to disprove a conjecture?
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Get started for freeWe have suggested net profit and return on investment as firm-level measures. Do these captUre the essence of a healthy firm? What characteristics are not adequately reflected in these measures? Can you suggest alternatives?
How can the concept of "conjectures and refutations" be used in a practical problem-solving environment?
Why might the objective to maximize profits be difficult to use at the plant level? What advantages, or disadvantages, are there to using "minimize unit cost" instead?
List some dimensions along which manufacturing environments differ. How might these affect the "laws" governing their behavior? Do you think that a single science of manufacturing is possible for every manufacturing environment?
Why does the distinction between objectives and constraints tend to blur in actual decision-making practice?
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