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Decision Support Systems for Inventory - Learning Outcomes

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Having completed this model, you will be able to:
Define inventory.
Explain why the EOQ model is fundamental when designing an inventory DSS.
Discuss what economic batch quantity is.
Distinguish between simultaneous production and consumption model.
Indicate what a service level is.
Discuss how buffer stock level is determined.
Outline the similarities and difference between the Continuous and Periodic Systems.