ance adjusted for cribe how you wa IOW
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Question
Transcribed Image Text:In our class, we defined value as equal to performance adjusted for cost. What makes up performance (what did we
use as components of performance in class)? Describe how you would use the idea of 'value' and 'performance' to
evaluate potential suppliers/contractors.
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