Static inventory models are best explained by
A)how much to order in a one-shot decision.
B)how much to order in a fixed amount as required repetitively over a long time.
C)maintaining stock on-hand for every practical reason that materials are needed.
D)ordering additional stock to prevent outages arising from unexpected demands.

Question

Quizplus · Accepted Answer

Static inventory models focus on making a one-time decision on how much to order, typically under conditions where demand and other factors are known and not expected to change significantly over time.

Static Inventory Models Are Best Explained by