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  2. High availability - Wikipedia

    en.wikipedia.org/wiki/High_availability

    Availability of parallel components = 1 - (1 - X)^ N 10 hosts, each having 50% availability. But if they are used in parallel and fail independently, they can provide high availability. So for example if each of your components has only 50% availability, by using 10 of components in parallel, you can achieve 99.9023% availability.

  3. Cottage and small scale industries in Pakistan - Wikipedia

    en.wikipedia.org/wiki/Cottage_and_small_scale...

    In this industry, also, medium scale factories contract work out to small-scale and cottage concerns. Also like the sports goods industry, most of the output is exported. Sialkot is the biggest surgical maker in the world and India, America, Australia and many other countries are importers of surgical instruments from this city.

  4. Supply chain management - Wikipedia

    en.wikipedia.org/wiki/Supply_chain_management

    For supply chain management, a centroid is a location with a high proportion of a country's population and a high proportion of its manufacturing, generally within 500 mi (805 km). In the US, two major supply chain centroids have been defined, one near Dayton, Ohio, and a second near Riverside, California. [citation needed] [82]

  5. Goods - Wikipedia

    en.wikipedia.org/wiki/Goods

    Goods are capable of being physically delivered to a consumer. Goods that are economic intangibles can only be stored, delivered, and consumed by means of media. Goods, both tangibles and intangibles, may involve the transfer of product ownership to the consumer. Services do not normally involve transfer of ownership of the service itself, but ...

  6. Procurement - Wikipedia

    en.wikipedia.org/wiki/Procurement

    When a government agency buys goods or services through this practice, it is referred to as government procurement or public procurement. [ 2 ] Procurement as an organizational process is intended to ensure that the buyer receives goods, services, or works at the best possible price when aspects such as quality, quantity, time, and location are ...

  7. Availability - Wikipedia

    en.wikipedia.org/wiki/Availability

    Availability of parallel components = 1 - (1 - X)^ N [3] Using parallel components can exponentially increase the availability of overall system. [2] For example if each of your hosts has only 50% availability, by using 10 of hosts in parallel, you can achieve 99.9023% availability. [3] Note that redundancy doesn’t always lead to higher ...

  8. Quality management - Wikipedia

    en.wikipedia.org/wiki/Quality_management

    Quality management is a recent phenomenon but important for an organization. Civilizations that supported arts and crafts [clarification needed] allowed clients to choose goods meeting higher quality standards than normal goods. In societies where arts and crafts were the responsibility of master craftsmen or artists, these masters would lead ...

  9. Productive efficiency - Wikipedia

    en.wikipedia.org/wiki/Productive_efficiency

    Productive efficiency is an aspect of economic efficiency that focuses on how to maximize output of a chosen product portfolio, without concern for whether your product portfolio is making goods in the right proportion; in misguided application, it will aid in manufacturing the wrong basket of outputs faster and cheaper than ever before.

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