Inventory modeling is used to help allocate service personnel or workstations to minimize customer waiting time and service cost.

Name: Inventory modeling is used to help allocate service personnel or workstations to minimize customer waiting time and service cost.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Inventory modeling is used to manage and optimize stocking levels of goods in order to balance stockouts and excess inventory. Customer waiting time and service cost can be addressed through queuing theory and service design, respectively.

Inventory Modeling Is Used to Help Allocate Service Personnel or Workstations