ABSTRACT
Inventory Profile ............................................................................... 164 7.6.2 Estimating Probabilities ................................................................... 165 7.6.3 Using Entropy as a Measure ............................................................. 165
7.7 Case Study .................................................................................................... 166 7.7.1 Background ....................................................................................... 166 7.7.2 Data Collection ................................................................................. 167 7.7.3 Data Analysis .................................................................................... 167 7.7.4 Results ............................................................................................... 167
7.8 Conclusions ................................................................................................... 169 Notes ...................................................................................................................... 170 References .............................................................................................................. 172
There have to be good reasons to look at the control of inventories from a queuing perspective, as the two subjects seem to have little in common. Such a viewpoint must offer insights and measures that are otherwise unavailable. This chapter explains the ideas and illustrates the benefits that can accrue from adopting such a standpoint.
