Process optimization

November 21, 2017 1:44 am

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Process optimization

Wikis > Process optimization

Process Optimization: is the discipline of adjusting a process so as to optimize some specified set of parameters without violating some constraint. The most common goals are minimizing cost and maximizing throughput and/or efficiency. This is one of the major quantitative tools in industrial decision making. When optimizing a process, the goal is to maximize one or more of the process specifications, while keeping all others within their constraints. This can be done by using a process mining tool, discovering the critical activities and bottlenecks, and acting only on them.

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Canada’s Innovation Intermediaries

Canada’s 30 Technology Access Centres (TACs) are specialized applied research & development centres affiliated with publicly-funded colleges and Cégeps. Each TAC primarily serves a specific geographic area, with a focus on strengthening the industrial sector of significance to that region.

These demand-driven centres, from BC to PEI, help Canadian businesses – especially Small and Medium-sized Enterprises (SMEs) – get their products, processes and services market-ready by conducting applied research and development projects focused on company problems…. Read more

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