Industrial Engineering and Production Management
Slack represents the difference between the

Latest allowable time and the normal expected time
Normal allowable time and the latest expected time
Proposed allowable time and the earliest expected time
Latest allowable time and the earliest expected time

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Industrial Engineering and Production Management
Scheduling

Is concerned with starting of processes
Determines the programme for the operations
Prescribes the sequence of operations to be followed
Regulates the progress of job through various processes

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