The problem with a new expression and also finding the cost of shortages for reasonable values of ‘P’. Inventory and supply chain models: The functions of inventory and supply chain are one of the most important business decision areas for an organization. The first important aspect of these concepts is to have adequate inventory on hand. The second important aspect is to carry a little amount of inventory as possible.

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Chapter 12, Problem 60P

Summary Introduction

To solve: The problem with a new expression and also finding the cost of shortages for reasonable values of ‘P’.

Inventory and supply chain models:

The functions of inventory and supply chain are one of the most important business decision areas for an organization. The first important aspect of these concepts is to have adequate inventory on hand. The second important aspect is to carry a little amount of inventory as possible.

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