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
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.
