Inventory control problem: Difference between revisions

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The '''inventory control problem''' is a type of problem encountered within the field of [[optimal control]].
 
==Concepts==babi
 
One issue is infrequent large orders vs. frequent small orders. Calculating shipping costs, volume discounts, storage costs, and capital costs, this can be figured with mathematical precision. Basically, how much money do you wish to have tied up in inventory?