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Chapter 19 Inventory Theory - Unicamp

Chapter 19 Inventory Theory - Unicamp

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How do companies use operations research to improve their inventory policyfor when and how much to replenish their inventory? They use scientific inventory man- agement comprising the following steps: 1. Formulate a mathematical modeldescribing the behavior of the inventory system. 2. Seek an optimal inventory policy with respect to this model. 3.

  Model, Theory, Inventory, Inventory theory

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