Loose Leaf for Operations and Supply Chain Management
Loose Leaf for Operations and Supply Chain Management
15th Edition
ISBN: 9781260152562
Author: F. Robert Jacobs
Publisher: McGraw-Hill Education
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Chapter 16, Problem 8DQ
Summary Introduction

To explain: The reason why managers hesitate to buy expensive equipment with a lower TCO than a less expensive item.

Total cost of ownership:

It is the monetary assessment developed to support the buyers and owners for determining the cost with respect to its direct and indirect nature of a product or a system.

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