Inventory models for which the rate of demand is constant or nearly constant are called
A)fixed models.
B)deterministic models.
C)absolute models.
D)requirement models.

Question

Quizplus · Accepted Answer

Deterministic models are used for situations where the rate of demand is constant or nearly constant. These models assume that demand is known with certainty and do not consider the variability or uncertainty in demand. Therefore, they are best suited for situations where demand is stable and predictable. Fixed, absolute, and requirement models are not commonly used terms in inventory management, and do not describe specific types of inventory models.

Inventory Models for Which the Rate of Demand Is Constant