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Case 2-2
You and Ellen are cramming for your exam about the second phase of the program development life cycle, the design of the user interface.
-As you recount the design principles to Ellen during your study session,which of the following is NOT one that you share with her?
Wagner-Whitin Algorithm
A dynamic programming technique used in inventory management to find the least cost method of meeting demand without shortages.
Wagner-Whitin Algorithm
An algorithm used in inventory management for determining the optimal times and quantities for reordering inventory to minimize costs.
Lot-Sizing
The process of determining the optimal order quantity that minimizes both ordering and holding costs.
Holding Costs
Holding costs are the expenses associated with storing inventory, including warehousing, insurance, depreciation, and opportunity costs.
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