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specific unit cost, availability from suppliers, criticality level, and expiration date. Event-driven simulation is used to …
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simulation method. The aim of this article is to introduce sporadic demand product stock management method based on dynamic … simulation, which would offer simple and easily interpretable answers on basic questions connected to effective stock management. …
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Forecasting demand and determining safety stocks are key aspects of supply chain planning. Demand forecasting involves predicting future demand for a product or service using historical data and other external and internal drivers. Stockouts and excess production can be reduced by accurately...
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