Question

In class, we discussed the I C B (Information Controls Buffers) Portfolio. Under this concept, we would not need any buffers if we have:

a. no information and no control
b. perfect information and perfect control
c. some information and some control
d. perfect information and some control
e. some information and perfect control

Answer 1

b) perfect information and perfect control

Step-by-step explanation:

The IC buffer portfolio is needed, considering possibility of information forecast error & inventory control non instantaneous nature.

In case there is perfect information - regarding timing & accuracy, and perfect control - referring instantenity regarding actions. Then, I C B (Information Controls Buffers) Portfolio is not needed.