The two most basic inventory questions answered by the typical inventory model are

A) timing and cost of orders.
B) quantity and cost of orders.
C) timing and quantity of orders.
D) order quantity and service level.
E) ordering cost and carrying cost.

Inventory Model

An analytical approach or mathematical formula used to manage and control stock levels, optimizing inventory costs and meeting demand.

Ordering Cost

The cost of the ordering process.

Carrying Cost

Carrying cost refers to the total cost of holding inventory, including storage, insurance, spoilage, and opportunity costs.