F the virtue principle 7 it is an abstraction of

F The Virtue Principle
7. It is an abstraction of reality; a simplified representation
of something.
G Operations Management
8. A decision-making approach that frequently seeks to
obtain a mathematically optimal solution to certain
managerial problems.
H Model
9. Emphasizes interrelationships among subsystems. I Ethics
10. A standard of behaviour that guides how one should act
in various situations
J Process
11. This principle states that actions should be consistent
with certain ideal virtues.
K Quantitative Approach
12. It involves the use of the internet to transact business. L The Fairness Principle
13. These are organized efforts to increase scientific
knowledge or product innovation.
M System Design
14.
The responsibility a manufacturer has for any injuries or
damages caused by as faulty product. The associated
costs with this liability would be litigation, legal and
insurance costs, settlement costs, costly product recalls,
and reputation effects.
N Systems Approach
15. It refers to examination of the function of parts and
materials in an effort to reduce the cost and/or improve
the performance of a product.
O E-Business
16. It means recovering materials for future use and this is
sometimes considered as an important consideration for
designers
P Research-based
17. It means refurbishing used products by replacing worn-
out or defective components
Q Product Liability
18. It is the assessment of the environmental impact of a
product or service throughout its useful life.
R Value Analysis
19. It refers to the extent to which there is an absence of
variety in a product, service, or process.
S Life Cycle Analysis
20. It is a process of producing, but not quite completing, a
product or service until customer preferences are known.
T Delayed Differentiation
U Remanufacturing

BAM 199 Operations Management (TQM)
Module #10
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V Standardization
W Recycling
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