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Lecture Notes in Economics and Mathematical Systems
Economics and Mathematical Systems
Economics and Mathematical Systems
their practical application or results in inaccurate inventory control and consequently, loss of profit. Consequently, the following research questions will be addressed in this work: 1. How can external factors that influence demand be incorporated in inventory optimization to better align supply and demand? 2. Can forecasting and inventory optimization be integrated instead of performing two sequential tasks? 3. How can the time of the last sale be used to estimate unobservable lost sale...
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