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Which of the following is the information needed to use the transportation model?
(I) A list of the sources and each one's capacity
(II) A list of the destinations and each one's demand
(III) The unit cost of shipping items from each source to each destination
Perform
To carry out, execute, or conduct an action or task.
Economic Quantity
Economic quantity refers to the optimized number or amount of goods that can be produced or purchased at the lowest total cost, considering factors like order costs and holding costs.
Bulk Order
A large quantity purchase, often at a discounted rate, typically exceeding the standard order size.
Estimated Price
The anticipated price or cost of a good, service, or asset, used for budgeting and planning purposes before actual costs are known.
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