Inventory Modeling Uncertain Demand. The assumptions of the model are that demand and lead time are normally distributed. An inventory control model under demand and lead time uncertainty is studied.
One of the main objective of the companies is to provide good service to its customers. Uncertain Demand Even when the demand varies we could still use the mean value in a deterministic model. This paper focuses on the use of inventory models to control the material flow and purchased inventory items in manufacturing companies.
Common modeling approaches within the inventory research literature addressing uncertain supply conditions.
Int J Syst Assur Eng Manag 8 13991418 2017. This paper focuses on the use of inventory models to control the material flow and purchased inventory items in manufacturing companies. It is demand uncertainties that attracted the attention first. Inventory management models and their effects on uncertain demand.