VIII. Inventory control for uncertain demand Flashcards Preview

OPM 301 - Operations Management > VIII. Inventory control for uncertain demand > Flashcards

Flashcards in VIII. Inventory control for uncertain demand Deck (4)
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1

What are inventory management challenges for short-lifecycle products?

2

What is the trade-off when facing uncertain demand?

3

Explain the Newsvendor model

 

4

What are key insights into inventory control for uncertain demand?