A study course in inventory management would deal with the aspect of right quantity at right price at right time from right source for purchases and also with the several scientific models in the context depending on what are the components of costs in inventory management that have a major bearing in the development of the respective model. Also relevant would be the nature of the two different pulls that have in effect generated the need for inventory, viz. supply and demand - with supply being classifiable as static or dynamic and demand being classifiable as certain, risk-distributed or uncertain. However, the intent in the present study course is on valuation rather than management of inventory.
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