Inventory Optimization is a prescriptive analytics methodology within inventory management that determines the optimal stock levels and replenishment policies to minimize costs while meeting service level requirements under demand and supply uncertainty.
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Dynamic Version of the Economic Lot Size Model
Harvey M. Wagner, T. M. Whitin · Management Science · 2004 · 2.1K citations
Management, Industrial Engineering, Operations Management +17
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Taipei, Taiwan
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Stanford, United States
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Medinīpur, India
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Tecnológico de Monterrey
Monterrey, Mexico
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