When customer demand is known, the resulting inventory model is called:
A)normal
B)uniform
C)deterministic
D)probabilistic

Question

Quizplus · Accepted Answer

When the customer demand is known, it means that the demand is certain and not random. Therefore, the resulting inventory model is called a deterministic model, which assumes that demand is constant and does not vary randomly over time. This allows for more accurate forecasting and decision-making regarding inventory levels and ordering quantities. Options A, B, and D do not accurately describe an inventory model based on known customer demand.

When Customer Demand Is Known, the Resulting Inventory Model Is