... efficiency Computer simulation Although fast, the new reject check‐repair process is more complicated. As displayed in Figure 2, the new process is comprised of four steps. The first step (PREP – three parallel stations) is similar to the old reject repair process but is considerably faster...

... on investment and cash flow is to model the scenario through the use of computer simulation. In the decision analysis process undertaken to purchase replacement equipment or additional capacity, managers have traditionally relied on one or more of the five capital budgeting models as decision support tools...