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Question:
(a) What are the basic components of inventory?
(b) Name the steps for finding the optimum inventory.
(c) What are the assumptions for the Economic Order Quantity (EOQ)?
(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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Product development cycle All products under development typically follow the cycle of market place-to-market place. The development starts with identification of a product in
Strategic and Operational Planning Strategic and Operational Planning Strategic and operational planning is largely confined to defining the objectives of the organisation,
role of managerial economist
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