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Modeling Inventory Using Constant, Stochastic or Feedback-Controlled Production Rate

Description

This model file includes 5 variations on a simple inventory model. In each case, there is an initial inventory, a sinusoidal demand and a production rate that is constant, stochastic or influenced by feedback. The model runs 100 realizations for 100 days with a 1-day timestep. For descriptions of the individual models, use the hyperlinks (double-click) to navigate into the containers.

 

Making Better Decisions In An Uncertain World