Explain the different types of costs related to inventory, Operation Management

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Explain the different types of costs related to inventory

1. Why do some executives believe that inventory is "bad"? Explain why this thinking is incorrect.

2. Explain the different types of costs related to inventory planning.

3. Explain the trade-offs involved in the economic order quantity. How do these change when quantity discounts are considered?

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Operation Management: Explain the different types of costs related to inventory

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Operation Management: Explain the different types of costs related to inventory

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