O$-1$: Describe the basic concepts involved in Operations Research.

CO$-2$: Identify the factors, variables, risks and uncertainties, economic models, and analytics involved in operations decision$-$making.

CO$-2$: Identify the factors, variables, risks and uncertainties, economic models, and analytics involved in operations decision$-$making.

Discuss:

How can carrying inventory protect against stockouts, balance supply$/$demand$,$ and protect against uncertainty? What are the consequences of not carrying inventory?