What are just-in-time inventory models

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Reference no: EM13926956

1. How does the firm's required rate of return on investment enter into inventory decisions?

2. What are just-in-time inventory models?

3. Define the following terms:

a. Stockout

b. Deterministic inventory control models

c. Probabilistic inventory control models

d. Safety stock

e. Lead time.

Reference no: EM13926956

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