Examlex
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Transportation Model
A mathematical model used to plan and optimize the transportation of goods from several sources to several destinations, minimizing the cost of transportation.
Linear Programming
An optimization method for achieving the best outcome in a mathematical model whose requirements are represented by linear relationships.
Holding Costs
Expenses associated with storing inventory over a certain period, including warehousing, insurance, depreciation, and opportunity costs, among others.
Level Scheduling
is a production strategy aimed at producing goods at a consistent rate, balancing production output with customer demand to minimize inventory costs and optimize operational efficiency.
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