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Which of the following can be used for computer simulation?
Unit Cost
Unit cost refers to the total expense incurred in producing, storing, and selling one unit of a product, including both fixed and variable costs.
EOQ Model
Economic Order Quantity Model, a formula used in inventory management to determine the optimal order size that minimizes the total cost of inventory.
Ordering Cost
The total expenses incurred in placing an inventory order, which can include costs for paperwork, communication, transportation, and handling.
Holding Cost
The expenses associated with storing unsold goods or materials, including warehousing, insurance, depreciation, and opportunity costs.
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