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State the Importance of the Product Data Management (PDM) Tool

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State the importance of the product data management (PDM) tool?


Definitions:

Nash Equilibria

Situations in a game in which each player has chosen a strategy and no player can benefit by changing strategies while the other players keep theirs unchanged.

Plant Capacity

Refers to the maximum output or production level that a facility can achieve under normal conditions.

Time-Discounted Values

The process of determining the current worth of a future sum of money or stream of income, taking into account the time value of money.

Profit Streams

Continuous streams of income generated from various business activities or investments over time.

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