inventory control (uncertain demand) - University at Buffalo

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IE 505 PRODUCTION PLANNING AND CONTROL. Inventory Control (uncertain demand). Introduction. ¯ Demand is uncertain. = Det + Ran. ¯ нariance of Ran.
INVENTORY CONTROL (UNCERTAIN DEMAND)

IE 505 PRODUCTION PLANNING AND CONTROL

Inventory Control (uncertain demand)

Introduction

 Demand is uncertain; D = DDet + DRan  Variance of DRan D Q