Cost of delay

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The process redesign is actually the redesign of a producing plant...

The cost of delay is an important expense to consider when redesigning a procedure. In addition, there is uncertainty in identifying future needs and new procedure that the space will need too accommodate. How do you decide whether to make room for future and unknown processes? How do you determine the "cost of delay" for repositioning the process layout now?

 

Reference no: EM1378333

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