Uncertainty About Lead Time in a Probabilistic Inventory Model Adds

question 4

True/False

Uncertainty about lead time in a probabilistic inventory model adds to the uncertainty about the demand during lead time.

---

Definitions:

Substitute Product

A good or service that can be used in place of another to satisfy similar needs or desires.

Complements

Products or services that are used together, where the consumption or use of one increases the demand for the other.

Substitutes

Goods or services that can be used in place of each other, satisfying the same needs or desires.

Complements

Products or services that are often used together, such that demand for one increases the demand for the other.