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You have a product in which inventory is taken frequently

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Reference no: EM13394132

1) In cases where demand is difficult to predict, which probability models would you use so that the risk associated with stock out is managed? Briefly describe how each model would be used.

2) You have a product in which inventory is taken frequently, rather than once or twice per year. Under what cases could your inventory of this product be computerized?

Reference no: EM13394132

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