Search results
Results from the WOW.Com Content Network
Floor Area ratio is sometimes called floor space ratio ( FSR ), floor space index ( FSI ), site ratio or plot ratio . The difference between FAR and FSI is that the first is a ratio, while the latter is an index. Index numbers are values expressed as a percentage of a single base figure. Thus an FAR of 1.5 is translated as an FSI of 150%.
Lot quality assurance sampling (LQAS) is a random sampling methodology, originally developed in the 1920s as a method of quality control in industrial production. Compared to similar sampling techniques like stratified and cluster sampling , LQAS provides less information but often requires substantially smaller sample sizes.
The dynamic lot-size model in inventory theory, is a generalization of the economic order quantity model that takes into account that demand for the product varies over time. The model was introduced by Harvey M. Wagner and Thomson M. Whitin in 1958. [ 1][ 2]
The Silver–Meal heuristic is a production planning method in manufacturing, composed in 1973 [1] by Edward A. Silver and H.C. Meal. Its purpose is to determine production quantities to meet the requirement of operations at minimum cost. The method is an approximate heuristic for the dynamic lot-size model, perceived as computationally too ...
Sample size determination or estimation is the act of choosing the number of observations or replicates to include in a statistical sample. The sample size is an important feature of any empirical study in which the goal is to make inferences about a population from a sample. In practice, the sample size used in a study is usually determined ...
Lump sum vs. annuity: 6 factors to consider when making your decision. Everyone’s financial situation is different, so it’s important to consider a few key factors — such as tax implications ...
Pip Value=(size of a Pip)/(Exchange Rate)*(Lot Size) [5] For example, .0001 divided by a USD/CAD exchange rate of 1.3600 and then multiplied by a standard lot size of 100,000 results in a pip value of $7.35. If you bought 100,000 USD against the Canadian dollar at 1.3600 and sold at 1.3601, you'd make a profit of 1 pip or $7.35.
In statistics and research design, an index is a composite statistic – a measure of changes in a representative group of individual data points, or in other words, a compound measure that aggregates multiple indicators. [ 1][ 2] Indices – also known as indexes and composite indicators – summarize and rank specific observations. [ 2]