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Write a short note on the philosophical criticisms of utilitarianism.
Lost Profits
The potential earnings that were not realized due to unforeseen circumstances, disruptions in business, or decisions that led to lost sales opportunities.
Planning Horizon
The future time period for which plans, strategies, and decisions are made, varying in length depending on the goals and nature of the planning.
Forecasting Errors
Discrepancies between predicted and actual demand, often leading to inventory mismanagement.
Safety Capacity
The extra capacity created within a system to accommodate unexpected demand or to compensate for potential system failures.
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