At a Track Meet,eight Runners Are Competing in the 100-Yard

question 12

Short Answer

At a track meet,eight runners are competing in the 100-yard dash.First,second,and third trophies will be awarded.In how many ways can the trophies be awarded?

---

Definitions:

EOQ

Economic Order Quantity, a formula used in operations management to determine the optimal order size that minimizes the total inventory holding costs and ordering costs.

Push Inventory

A strategy where products are produced or supplied based on projected demand rather than actual customer orders.

Zero Inventories

An inventory management approach aimed at minimizing stock levels, often associated with Just-In-Time (JIT) manufacturing systems.