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Business, 31.07.2021 04:00 arielpraczko1

Define a two-bin system. Multiple choice question. It specifies the amount of risk of incurring a stockout that a firm is willing to incur. It is a system in which the inventory of an item is stored in two different locations. It is a method of estimating the impact of changing the number of locations on the quantity of inventory held. It is a model used to determine the order size for a one-time purchase.

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