given the constraint Make sure other portions of the process are supportive of the constraint Explo ...

---

given the constraint Make sure other portions of the process are supportive of the constraint Explore and evaluate ways to overcome the constraint Repeat the process until the constraint levels are at acceptable levels LO 5.7 Copyright ©2021 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 5-30 ? Alternatives should be evaluated from varying perspectives ? Economic ? Is it economically feasible? ? How much will it cost? ? How soon can we have it? ? What will operating and maintenance costs be? ? What will its useful life be? ? Will it be compatible with present personnel and present operations? ? Non-economic ? Public opinion LO 5.8 Copyright ©2021 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 5-31 ? Techniques for Evaluating Alternatives ? Cost-volume analysis ? Financial analysis ? Decision theory ? Waiting-line analysis ? Simulation LO 5.8 Copyright ©2021 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 5-32 ? Cost-volume analysis ? Focuses on the relationship between cost