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2. 3. This project covers the topic of inventory management, deterministic model and stochastic model. In inventory management, create 2 examples of ABC inventory classification
2. 3. This project covers the topic of inventory management, deterministic model and stochastic model. In inventory management, create 2 examples of ABC inventory classification based on cumulative percentage of quantity and cumulative percentage of value with graphical representation. In deterministic model, create a case whereby you have to develop the EOQ model, quantity discount and reorder point with graphical representation. In stochastic model, create a case for reorder point with the present of variable demand. 4. 5
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