Pareto Analysis is an inventory model used to determine the optimal order size that minimizes total annual inventory costs.

Name: Pareto Analysis is an inventory model used to determine the optimal order size that minimizes total annual inventory costs.
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Question

Quizplus · Accepted Answer

Pareto Analysis is actually a decision-making tool that prioritizes different factors or issues based on their importance or impact. It is not an inventory model used to determine order size.

Pareto Analysis Is an Inventory Model Used to Determine the Optimal