Question: O - 1 : Describe the basic concepts involved in Operations Research. CO - 2 : Identify the factors, variables, risks and uncertainties, economic models,

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?

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