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2.5.5 Summary

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From a practitioner's standpoint, robust and not overly complicated inventory control models are required for intermittent demand items. In this section, we first provided an overview of stock control policies, arguing for the consideration of periodic (as opposed to continuous) formulations for the management of intermittent demand items. Not all such policies are easy to implement and some of them are based on very restrictive assumptions. We view the policies as being consistent with practical needs and we further consider their implementation in later chapters.

Intermittent Demand Forecasting

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