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What is the mode number of outpatient surgeries?
Setup Cost
The expenses involved in configuring a process, machine, or system for a particular production run or task.
Carrying Cost
The total cost of holding inventory, including storage, insurance, taxes, depreciation, and opportunity costs.
Safety Stock
Extra inventory kept in reserve to mitigate the risk of stockouts due to fluctuations in supply and demand, serving as a strategic insurance against variability in lead times.
Lead Time
The total time that elapses between the initiation and completion of a process, such as from placing an order to delivery of a product.
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