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Properties of Inventory
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actual demand analysis average inventory backorder cost components cost per unit critical ratio day 0 demand day 2 demand demand in units demand rate demand second day demand third day determine economic order quantity economic production quantity end items ending inventory errors EWMA EXAMPLE factors fixed order interval forecasted demand formula frequently function holding cost inventory control inventory investment inventory models inventory problems inventory turnover lead time demand lost sales manufacturing material requirements planning materials management maximum inventory level method moving average MRP system normal distribution obtained operations optimal order cost order cycle order interval system order size system organization parameters part-period perpetual inventory Poisson distribution purchase cost quantity discounts random numbers raw materials regression reorder point result safety stock schedule seasonal simulation single order standard deviation standard normal standard normal table stockout cost stockout level fraction supplier Table techniques tion trend unit cost units demanded