Simple inventory model, Microeconomics

Simple Inventory Model 

Firstly, the product level initiates a demand, which generates a demand at the component level and then in turn at the raw material level. Think of an amplifier for an audio system. Firstly, the finished product. This is disassembled into its major components and in turn the major components are constructed from raw materials.

Posted Date: 3/14/2013 6:10:02 AM | Location : United States

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