Modeling. Analysis. Management
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2016 » Январь » 16
The post is about what is inventory, and what are the main issues in inventory control. It explains two major classes of inventory policies - continuous inventory review and periodic inventory review. Inventory policies help determine how much is order quantity and when order must be placed to replenish inventory stock. There are fixed-order-quantity system and (s, Q)-policy, and fixed-time-period system and (t, S)-policy,
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Blog
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kvn2us
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16.01.2016
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