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Optimal Ordering Strategy of Perishable Products
(Master thesis; Mastergradsoppgave, 2016-07-13)
It is challenging to plan for the future, especially if there are uncertainties. In the retail store business making the right orders at the right time might have a severe impact on the profit of the store. Maintaining the right inventory is a part of this. With fluctuations in price and competition, having the best deals, and being at the whims of the customers making sure that the store has the ...