1. What are the two basic questions in inventory management that are discussed in the text? 2. What are decision rules? What is their purpose? 3. What is an SKU? 4. What is the lot-for-lot decision...

1. What are the two basic questions in inventory management that are discussed in the text?

2. What are decision rules? What is their purpose?

3. What is an SKU?

4. What is the lot-for-lot decision rule? What is its advantage? Where would it be used?

5. What are the four assumptions on which economic order quantities are based? For what kind of

items are these assumptions valid? When are they not?