What is the single-period model and under what, Operation Management

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What is the single-period model and under what

1. Explain how a decrease in setup time can lead to a decrease in the average amount of inventory a firm holds, and why that would be beneficial.

2. What is the single-period model, and under what circumstances is it appropriate?

3. Can the optimal stocking level in the single-period model ever be less than expected demand? Explain briefly.

4. What are some ways in which a company can reduce the need for inventories?

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Operation Management: What is the single-period model and under what

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