Questions and Answers
What are the two main decisions in inventory planning related to order point?
Order quantity and Order point
What does Continuous DDLT distribution represent?
Probability distribution of all possible demands during lead time (DDLT) values
What are some examples of distributions that are considered under Continuous DDLT distribution?
Normal distribution, ‘t’ distribution, Exponential distribution
What is the continuous variable in the Continuous DDLT distribution?
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What does DDLT stand for in the context of inventory management?
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