v12n
Numeronym for the word "Virtualization" (V + 12 letters + N), creating virtual versions of physical resources, such as servers, storage devices, or networks, to improve efficiency and scalability.
71 topics found for
“resource optimization”
Muda
A Japanese word meaning any activity in a process that consumes resources without adding value.
Optimization Theory
The study of finding the best solution from a set of feasible solutions.
Law of Diminishing Returns
A principle stating that as investment in a single area increases, the rate of return on that investment eventually decreases.
Minimize Waste
A principle in lean management aimed at reducing non-value-added activities to improve efficiency.
Naive Allocation
A heuristic where individuals evenly distribute resources across all options, regardless of their specific needs or potential.
Staffing Ratio
A strategy used to determine the proportion of various SMEs needed to support a pipeline of work.
Muri
A Japanese word meaning excessive strain on people or processes.
Queuing Theory
The mathematical study of waiting lines or queues.