An inventory system may be simulated using:
A)a variable-time approach only.
B)a fixed-time approach only.
C)a next-event approach only.
D)a fixed-time or next-event approach.

Question

Quizplus · Accepted Answer

A fixed-time approach can be used to update inventory levels at set intervals, while a next-event approach can be used to handle inventory changes (e.g. shipment arrivals, customer orders) as they occur. A combination of both approaches may provide the most accurate simulation of an inventory system.

An Inventory System May Be Simulated Using