Base stock model

The base stock model is a statistical model in inventory theory. In this model inventory is refilled one unit at a time and demand is random. If there is only one replenishment, then the problem can be solved with the newsvendor model.


The base stock model is a statistical model in inventory theory. In this model inventory is refilled one unit at a time and demand is random. If there is only one replenishment, then the problem can be solved with the newsvendor model.
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