'Gary gaukler' presentation slideshows

ISEN 315 Spring 2011 Dr. Gary Gaukler

ISEN 315 Spring 2011 Dr. Gary Gaukler. Lot Size Reorder Point Systems. Assumptions Inventory levels are reviewed continuously (the level of on-hand inventory is known at all times) Demand is random but the mean and variance of demand are constant. (stationary demand)

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ISEN 315 Spring 2011 Dr. Gary Gaukler

ISEN 315 Spring 2011 Dr. Gary Gaukler. EOQ Discussion . 1 . Demand is fixed at l units per unit time. 2. Shortages are not allowed. 3. Orders are received instantaneously. 4. Order quantity is fixed at Q per cycle. 5. Cost structure: a) Fixed and marginal order costs (K + cx )

324 views • 17 slides

ISEN 315 Spring 2011 Dr. Gary Gaukler

303 views • 16 slides