What are the basic components of inventory, Other Management

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Question:

(a) What are the basic components of inventory?

(b) Name the steps for finding the optimum inventory.

(d) What are the basic characteristics of a queuing system?

(e) What are the implications of waiting lines?

(f) Describe briefly the most important factors to consider in analyzing a queuing system.

(g) What are the assumptions of the basic simple queuing model?

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