8. (a) Explain, in detail, what constitutes the ordering cost and carrying cost. Draw a rough sketch

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(a) Explain, in detail, what constitutes the ordering cost and carrying cost. Draw a rough sketch to show the movement of these two cost curves in opposite directions with increase in the order quantity.

(b) What is a re-order point? Draw a rough sketch of a simple inventory model showing the re-order point, order quantity and procurement time.

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Quantitative Techniques In Management

ISBN: 99835

4th Edition

Authors: N D VOHRA

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Question Posted: Aug 30, 2024 07:02 AM

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8. (a) Explain, in detail, what constitutes the ordering cost and carrying cost. Draw a rough sketch

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Quantitative Techniques In Management

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