Which of the following would be MOST useful in this scenario?

A wine bar which also serves tapas and sandwiches notices that its customer volume fluctuates significantly (depending on convention tourism and hotel night stays) and that wait times for seating are growing longer. As a result, managing demand for perishable food products is becoming more challenging.

Which of the following would be MOST useful in this scenario?
A . Least squares regression
B . Winters model
C . Single period model
D . Box-Jenkins method

View Answer

Answer: C

Explanation:

The single period model is suitable for managing demand for perishable items with fluctuating customer volume. It helps in optimizing inventory levels for items with limited shelf life, reducing waste and stockouts.

Reference: Inventory management techniques emphasize the use of single period models for perishable goods to balance supply and demand effectively.