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Which of the Following Is a Type of Model That

question 21

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Which of the following is a type of model that is key to virtually every management science application


Definitions:

Process Value Analysis

An analytical technique used to identify and eliminate unnecessary steps in a process or system, aiming to improve efficiency and reduce costs.

Value Chain Analysis

A method for analyzing a company's activities to improve its competitive position by identifying and optimizing the value-generating elements.

Workflow

The series of industrial, administrative, or different procedures a workpiece goes through from its beginning to its end.

Work Process

The sequence of tasks or activities that are carried out in order to achieve a specific outcome or product.

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