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FlexSim has been used in a variety of simulation projects involving both standard and flexible manufacturing systems. [6] Some examples include studies to determine optimal buffer sizes, [citation needed] optimizing blend components in feed production, [7] rescheduling problems in mixed-line production planning, [8] optimizing electronics assembly lines, [9] and steel production scheduling.
Johnson distributions are also sometimes used in option pricing, so as to accommodate an observed volatility smile; see Johnson binomial tree. An alternative to the Johnson system of distributions is the quantile-parameterized distributions (QPDs). QPDs can provide greater shape flexibility than the Johnson system.
The plastics industry manufactures polymer materials—commonly called plastics—and offers services in plastics important to a range of industries, including packaging, building and construction, electronics, aerospace, manufacturing and transportation.
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Engineering plastics are more expensive than standard plastics, therefore they are produced in lower quantities and tend to be used for smaller objects or low-volume applications (such as mechanical parts), rather than for bulk and high-volume ends (like containers and packaging).
Systems Tool Kit (formerly Satellite Tool Kit), often referred to by its initials STK, is a multi-physics software application from Analytical Graphics, Inc. (an Ansys company) that enables engineers and scientists to perform complex analyses of ground, sea, air, and space platforms, and to share results in one integrated environment. [1]
Ziploc is an American brand of reusable, re-sealable sliding channel storage bags and containers originally developed and test marketed by Dow Chemical Company in 1968 and now produced by S. C. Johnson & Son.
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