Question

Define the Purchasing Model without Shortage

Answer 1

Answer:

As one of the first models to deal with inventory associated issues, in case of this model, it is taken that a number of shortages are present and associated with that a particular shortage cost is incurred.

Explanation:

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Answer 2

Answer:

In, the case of purchase model with instantaneous replenishment and without shortages the orders of equal sizes are placed at. periodical intervals. The items against an order are replenished instantaneously and the items are consumed at constant rate. The. purchase price per unit is same irrespective of the order size ...

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