Dynamic Inventory Lot Size
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The paper "Dynamic Inventory Lot Size" tells us about commodities and materials that are carried in stocks for consumption (Balkhi, 2009).... Inventory plays a significant role in meeting anticipated customer demand and hence is referred to as anticipated stocks.... ... ... ... Lot size, on the other hand, refers to terms of decisions that pertain to inventory levels, the cost of setup or ordering, capacity requirement, and availability (Yilmaz, 1982)....