Min/Max

  • Theory Of ConstraintsMIN/MAX and EOQ fallacy

    MIN/MAX and EOQ fallacy

    Why do we have inventories? All consumer goods, such as soap or food, even household appliances, you know what I mean, all these products are in inventories. We are used to thinking about store inventories, but there are also inventories in distribution centers and even factory warehouses for finished products. This inventory has a unique feature: it was purchased, shipped,…

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