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What are the two basic properties of a linear optimization model?
Activity-Based Costing
An accounting method that allocates overhead and indirect costs to specific activities, providing more accurate product cost information.
Activity Rate
A measure used in cost accounting to allocate costs to products or services based on the amount of an activity they consume.
Production Units
The number of units produced during a specific period, often used as a measure of productivity or for inventory tracking.
Materials Handling
The moving, protection, storage, and control of materials and products throughout manufacturing, warehousing, distribution, consumption, and disposal.
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