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Describe the inventory system: 1) Lead time is zero. 2) Lead time is independent of demand and random. 3) Lead time is constant.
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teamques10
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An important class of simulation problems involves inventory systems. A simple inventory system is shown in Figure 2.11.
This inventory systems has a periodic review of length N, at which time the inventory level is checked. An order is made to bring the inventory up to level M. At the …
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