Cost Savings from JIT Inventory Management Include(s)

question 68

Multiple Choice

Cost savings from JIT inventory management include(s)

• A)reduced overhead expenses.
• B)lower inventory financing costs.
• C)greater productivity.
• D)All of the options

---

Definitions:

Binary Variable

A variable that has only two possible values, typically 0 and 1, used to represent outcomes such as success/failure, yes/no, or true/false.

Net Present Value

The difference between the present value of cash inflows and the present value of cash outflows over a period of time.

Binary Variable

A variable that has only two possible values, often represented as 0 and 1, used to denote presence or absence, success or failure, and similar dichotomies.

Optimal Solution

The most efficient, effective, or desirable solution to a problem or the best decision given the constraints.