What is the fundamental premise of benefitcost analysis, Operation Management

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What is the fundamental premise of benefitcost analysis

1. Net Present Value (NPV) examines financial performance in absolute terms. How does this differ from Benefit/Cost Ratios and Internal Rate of Return (IRR)?

2. Net Present Value requires the computation of a discount rate. Discuss the challenges this presents to an organization.

3. What is the fundamental premise of Benefit/Cost Analysis? What is the value of this analysis? What are some of the risks?

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