Math, asked by johalmanjeetkaur, 1 year ago

which of the following is a statistical inventory control model? a) base stock model b) News Vendor Model c) (q,r) model d)None of the above e) All of the above

Answers

Answered by MVB

12

The correct answer is b) News Vendor Model

Newsvendor Aspects

- Demands random

- leftovers sold at loss, it is too expensive to keep holding

- too few produced, will lose sale

- can forcast demand, but cant know exactly and therefore is normally distributed

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