In the single period inventory model, customer demand is always assumed to be:
A)normally distributed.
B)uniformly distributed.
C)of unknown distribution.
D)stochastic.

Question

Quizplus · Accepted Answer

In the single period inventory model, customer demand is considered stochastic, meaning it is treated as a random variable with some probability distribution, but the exact form of the distribution is not specified. This accounts for the uncertainty in demand.

In the Single Period Inventory Model, Customer Demand Is Always