Immediacy Involves

question 16

Multiple Choice

Immediacy involves

• A)providing quick service in crisis situations
• B)focusing on problem solving
• C)relationship work
• D)anticipatory contracting
• E)all of the above

Understand the concept and calculation of Net Present Value (NPV).

Apply discount factor tables to analyze investment projects.

Calculate working capital changes and their impact on NPV.

Assess equipment replacement decisions based on cost savings and incremental cash inflows.

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Definitions:

Local Optimization

A process of optimizing a specific area or department within an organization without necessarily considering its impact on the whole system.

Global Optimization

Global Optimization is the process of finding the best possible solution or achieving the highest efficiency across all possible solutions in a given mathematical model or situation.

Decentralized Supply Chain

A supply chain management strategy where decisions and activities are distributed among various stakeholders or units instead of being centrally controlled, allowing for flexibility and localized decision-making.

Drop Shipping

A retail fulfillment method where a store doesn't keep the products it sells in stock. Instead, when a store sells a product, it purchases the item from a third party and has it shipped directly to the customer.