Explain the difference between independent and dependent demand, deterministic and stochastic demand, and static and dynamic demand.
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Explain the difference between independent and dependent demand, deterministic and stochastic demand, and static and dynamic demand. Provide an example of an inventory item for each combination of these demand types (e.g., independent, stochastic, and static, and so on).
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Related Book For
Operations And Supply Chain Management
ISBN: 9780357131695
2nd Edition
Authors: David A. Collier, James R. Evans
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