Operations management by stevenson 9th student slides supplement 5

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.. .Supplement 5: Learning Objectives • You should be able to: – Describe the different environments under which operations are made – Describe and use techniques... sensitivity analysis on a simple decision problem 5S-2 Decision Theory • A general approach to decision making that is suitable to a wide range of operations management decisions – Capacity planning –... nature Evaluate alternatives according to some decision criterion and select the best alternative 5S -5 Causes of Poor Decisions • Decisions occasionally turn out poorly due to unforeseeable circumstances;
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