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Reorder Point Techniques
Systems based on reorder points assume that demand is uniform and predictable and that there is no true identifiable time of need. Hence, stock must always be available. In practice, demand is discontinuous and follows a lumpy pattern. Stock is seldom depleted item-by-item, it is more common to deplete or order by lots or batches. This ordering in lots tends to magnify the requirements or lot sizes from the finished item to the component to the raw material levels.
In relation to solvency margins in the insurance industry, the solvency margin is the amount of regulatory capital an insurance undertaking is obliged to hold against unforeseen ev
Why were there not any sustained increases in material productivity of human labor back before 1500? Since improved technology quickly ran aground on resource scarcity. As huma
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Population census: A population census is the head count of people living in a geographical area or in a country. A population census collects comprehensive data on people to
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Depreciation T ax Shield The decrease in corporate income taxes suitable to the deductibility of depreciation from the firm's taxable earnings. Although depreciat
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