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Chapter Objectives
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Understand and describe the concepts of value and profitability.

Understand and describe the effects operations management has on profitability measures.

Describe Economic Value Added (EVA).

Calculate the average level of inventory from a delivery pattern.

Understand productivity measures for resources.

Calculate utilization and efficiency.

Explain the importance of customer relationships.

Distinguish between local and global productivity measures.

Identify conflicts between productivity measures.

Describe how to improve productivity measures.

Set up and complete a decision tree analysis.

Describe the balanced scorecard approach.







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