Practical Operations Management
2nd Edition
ISBN: 9781939297136
Author: Simpson
Publisher: HERCHER PUBLISHING,INCORPORATED
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Chapter 1, Problem 11P
Summary Introduction
Interpretation: Compare the capital investment of service operation and good production during start-up.
Concept Introduction: Suppose XYZ Company wants to start new production line for producing the goods as well as established a new service line for providing the service to the customer. To achieve this target company required man power, machine, raw material, electricity and capital whereas in service operation, company need only man effort and time. Hence, service operation required less capital investment as compared to good production startup.
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Chapter 1 Solutions
Practical Operations Management
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