Why is cost minimization preferred over profit maximization

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Objective Function of the Tactical Linear - Programming Model

Why is cost minimization preferred over profit maximization? What cost elements are implicit in the order - reassignment cost? Why are inventory-carrying charges divided into weekly and monthly charges? What additional cost elements might you include in a tactical model such as this one?

Reference no: EM131162810

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Why is cost minimization preferred over profit maximization : Why is cost minimization preferred over profit maximization? What cost elements are implicit in the order - reassignment cost? Why are inventory-carrying charges divided into weekly and monthly charges?

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