Glossary

Labor productivity is the value of goods and services produced in a period of time, divided by the hours of labor used to produce them. Labor [Read More]

Lean systems involve doing more with less, i.e., less time, inventory, space, labor, and money. The driving force of lean production is the continuing shift from [Read More]

Life cycle assessment (LCA) is the process of evaluating the effects that a product has on the environment over its entire life. LCA provides objective answers [Read More]

The logical framework approach (LFA) is an analytical management tool that can help planners and managers determine the existing situation during project preparation; establish a logical [Read More]

Low-cost automation (LCA) describes a customized production system that bridges the technological frontier through intervention with unique automation in selected points of the production chain. Commonly [Read More]