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2) a) Inventory planning and scheduling can be modelled using a Poisson distribution. Explain what is meant by a Poisson Distribution and why it is
2) a) Inventory planning and scheduling can be modelled using a Poisson distribution. Explain what is meant by a "Poisson Distribution and why it is suitable for modeling inventory processes. Give examples of two more probability distributions and explain the real-world processes they are most commonly used to model
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Understanding Hospitality Law
Authors: Jack P Jefferies, Brown Banks, Banks Brown
4th Edition
0866122273, 9780866122276
