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Lecture Notes in Economics and Mathematical Systems
- Summary • 126 pages • 2023
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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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