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Elements of Operations Management
1. Planning
This is the setting of appropriate courses of action to achieve the systems objectives.
2. Organising
This is the assembling of the resources (people, materials, money and equipment) required to execute the planned actions.
3. Controlling
This is the measurement of actual performance against the plans, and initiating appropriate corrective measures, as required.
Current and projected cash flows for Randell Global Operatons are shown below. Growth is expected to be constant after 2012, and the weighted average cost of capital is 11%. What i
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