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This is a company that is experiencing a lower quality inventory management situation and receives alternative research proposals. Proposal 1 is to use an audit
This is a company that is experiencing a lower quality inventory management situation and receives alternative research proposals.
Proposal 1 is to use an audit of last year's transactions as a basis for recommendations.
Proposal 2 is to study and recommend changes to the procedures and system used by the materials department. Discuss issues of evaluation in terms of
(1) Ex post facto versus prior evaluation, and
(2) Evaluation using option analysis and decision theory.
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