Inventory models

These models are designed to answer questions related to inventory management. In particular, the following issues are addressed by these models:

  1. Inventory level (determined by cost, and demand conditions)
  2. Reordering
  3. Average inventory
  4. Shortages



Turban, E. and J.R. Meredith (1985): Fundamentals of Management Science. Third Edition Business Publications, Inc.