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Selective Inventory Management of Department Store
Inventory Management in Supermarket Chain Warehouses
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actual annual application average inventory average sales back orders batch buffer stock buyer calculations cash cent changes Chapter considered cycle decision rules delivery demand determine dollar economic order quantity effect equations evaluate example exponential distribution exponential smoothing factor formula function holding cost in-process inventory included increase installation inven inventory control inventory investment inventory level inventory management system inventory problems lead linear programming manufacturing mathematical maximum method minimum month nomograph normal distribution number of orders number of units obtained Operations Research optimal order quantity output Poisson distribution probability procedures production punched card purchase queue queue model queue theory reduced replenishment retail safety stock sales forecast scale schedule service level shortage cost shown in Exhibit simulation solution stage standard deviation stock level stock-out percentage storage tion trend variable cost variations vendor releasing warehouse zero