stochastic demand is random demand. it is determined by predictable actions and a random element.
NO.
inventory built up to counter predictable variability in demand
if a customer requires a product with a short life cycle he/she may demand less of tht product
the process by which markets move to equilibrium is so predictable that economists sometimes refer to markets as being governed by the law of supply and demand.
stochastic demand is random demand. it is determined by predictable actions and a random element.
NO.
NO.
A cycle is a process with no beginning or end. Cycles involve steps that move in a predictable pattern. At the end of the cycle, you find that you are back at the beginning.The water cycle is one example of a cycle in nature.
inventory built up to counter predictable variability in demand
The policy cycle
Cycle inventory - Average amount of inventory used to satisfy demand between shipments.Safety inventory - Inventory held in case demand exceeds expectations.Seasonal inventory - Inventory built up to counter predictable variability in demand.In-transit Inventory - Inventory in transit between origin and destination.Speculative Inventory - Inventory held for the reasons of speculation.Dead Inventory - Non-moving inventory.
It is called the policy cycle.
It is called the policy cycle.
predictable
His behavior is so predictable! That was a predictable response.
if a customer requires a product with a short life cycle he/she may demand less of tht product