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Explain how a decrease in setup time can lead to a decrease in the average amount of inventory a firm holds would be beneficial?
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Explainhowadecreaseinsetuptimecanleadtoadecreaseintheaverageamountofinventoryafirm
holdswouldbebeneficial?
Answer:
Whenthereisexcesscapacity,decreaseinsetupcostsincreasesthesetupandhencereducethe...