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Copyright

Roberto Rossi

Published On

2021-05-24

Page Range

pp. 39-74

Print Length

35 pages

Deterministic Inventory Control

Chapter of: Inventory Analytics(pp. 39–74)
In this chapter, we discuss inventory control in a deterministic setting. We first discuss the cost factors that should be considered, and we show how to model and simulate the system running costs. We finally introduce prescriptive analytics models to determine the economic lot size under a variety of settings.