Search results with tag "Inventory theory"

Chapter 19 Inventory Theory - Unicamp

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