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Inventory is vital to organizations, as it represents considerable costs. Various metho

Inventory is vital to organizations, as it represents considerable costs. Various metho

    
Inventory is vital to organizations, as it represents considerable costs. Various methods have been developed to control inventory related costs. Which inventory control method minimizes ordering and holding costs, while avoiding stock-out costs?

(a)  Mathematical model                         (b)  Linear programming                        
(c)  Economic order quantity                  (d)  JIT inventory system
(e)  Kanban.

Johnson 29-Nov-2017

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