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Define the term Economic Order Quantity.
Economic Order Quantity (EOQ):
A mathematical computation for a fixed quantity of inventory ordered every time which would minimise the whole of ordering and holding cost. Economic Order Quantity is an illustration of a continuous inventory system.
Service is the last activity in the Value Chain. Explain how service adds value to a business products and customers.
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how can make a plan for appropriate capacity of a cinema by replacing amount of standard seats with luxury seats?
Ask question : Why are services typically more difficult to standardize#Minimum 100 words accepted#
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Let's say you own a small construction company. You need to decide whether to buy a bulldozer to add to your equipment fleet. You assume that the construction industry could be Goo
1. Garden Variety Flower Shop uses 1000 clay pots a month. The pots are purchased at $3 each. Annual carrying costs per pot are estimated to be 25% of cost, and ordering costs are
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Draw the Flow Chart of Ant Algorithm?
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