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What Is the CITP Designation and Why Is It Important

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What is the CITP designation and why is it important to AIS?


Definitions:

Manufacturing Alternatives

Different methods or approaches available to produce a product, often evaluated based on cost, quality, and efficiency.

Expected Value

A statistical concept that calculates the average outcome of a random event considering all possible scenarios and their probabilities.

Perfect Information

A condition in decision-making and game theory where all parties have complete and accurate information about the situation.

Net Present Value

A financial metric that calculates the present value of all future cash flows of a project or investment, considering the time value of money.

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