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Write a paper on the advantages of the inventory models

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Assignment: Inventory Modeling (Part II)

Write a 300 to 500 word paper on the advantages and disadvantages of the three different inventory models known as EOQ (economic order quantity), EMQ (economic manufacturing quantity), and the quantity discount model (price-break). Be sure to discuss the major costs considered in each model and if the statistical reorder point can be used in each model.

Reference no: EM13859261

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