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Economics

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Feb 20, 2024

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The efficiency gains resulting from a just-in-time inventory management system will allow a firm to reduce its level of inventories permanently by $315,000. What is the most the firm should be willing to pay for installing the system? Firm should be willing to pay ~ |$ 315,000 | Explanation If the savings are permanent, then the inventory system is worth $315,000 to the firm. The firm can take $315,000 out of the project now without ever having to replace it. So the most the firm should be willing to pay is $315,000.
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