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Discuss about the Holding Inventory Control Systems.
Holding Inventory Control Systems:
Holding great levels of inventory enables an organisation to be extra flexible to meet surges into demand as an example offer customers a huge variety of goods and ‘instantly’, however holding large levels of inventory can be extremely expensive.
Consider the following constraint and its associated binary decision variables: XA + XB + XC = 2. This constraint is an example of a mutually exclusive constraint.
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