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Inventory models provide managers with a set of great analysis and decision-making tools that can applied in any industry. On the other side, each model
Inventory models provide managers with a set of great analysis and decision-making tools that can applied in any industry. On the other side, each model has a set of assumptions that it is based on (those assumptions are necessary for proper calculations and theoretical base). For the company/industry of your interest:
- What model would be the most suitable and why?
- What assumption(s) would consider unrealistic and how would you deal with that?
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