Define ex post facto versus prior evaluation

Assignment Help Management Theories

Reference no: EM131463968

Question: A company is experiencing a poor 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 systems used by the materials department. Discuss issues of evaluation in terms of:

a Ex post facto versus prior evaluation.

b Evaluation using option analysis and decision theory.

Reference no: EM131463968

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