= Silver–Meal heuristic
{wiki=Silver–Meal_heuristic}
The Silver-Meal heuristic is a method used in inventory management and production planning to determine optimal order quantities and timing for replenishing stock or production. The approach aims to minimize total inventory costs, which typically include holding costs and ordering costs. \#\#\# Key Concepts: 1. **Cost Components**: The total cost involved in inventory management is usually a combination of: - **Holding Costs**: Costs associated with keeping inventory in stock, including storage, insurance, and depreciation.
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