'Optimal order quantity' presentation slideshows

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Designing Supply Contracts: Contract Type and Information Asymmetry

Designing Supply Contracts: Contract Type and Information Asymmetry. Authors: C. Corbett, C. S. Tang Presenter: T.J. Hu. Contents. Introduction Literature Model Supplier's Optimal Supply Contracts Comparisons Numerical Examples Conclusions Future Research. Introduction.

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Lesson 17 Inventory Management

Lesson 17 Inventory Management. an inventory is a stock or store of goods and inventory management focuses on the planning and control of finished goods, raw materials, purchased parts work-in-progress and retail items. Independent Demand. Dependent Demand. A. C(2). B(4). D(2). E(1).

1.44k views • 67 slides

Introduction to Mathematical Programming

Introduction to Mathematical Programming. OR/MA 504 Chapter 7 Nonlinear Programming & Evolutionary Optimization. Introduction to Nonlinear Programming (NLP). An NLP problem has a nonlinear objective function and/or one or more nonlinear constraints.

794 views • 64 slides

Spreadsheet Modeling & Decision Analysis

Spreadsheet Modeling & Decision Analysis. A Practical Introduction to Management Science 4 th edition Cliff T. Ragsdale. Chapter 8. Nonlinear Programming & Evolutionary Optimization. Introduction to Nonlinear Programming (NLP).

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Spreadsheet Modeling & Decision Analysis

Spreadsheet Modeling & Decision Analysis. A Practical Introduction to Management Science 5 th edition Cliff T. Ragsdale. Chapter 8. Nonlinear Programming & Evolutionary Optimization. Introduction to Nonlinear Programming (NLP).

818 views • 62 slides

Spreadsheet Modeling & Decision Analysis

Spreadsheet Modeling & Decision Analysis. A Practical Introduction to Management Science 5 th edition Cliff T. Ragsdale. Chapter 8. Nonlinear Programming & Evolutionary Optimization. Introduction to Nonlinear Programming (NLP).

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OPSM 901: Operations Management

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Chapter 3 Inventory Management

Chapter 3 Inventory Management. In Supply Chains. Outline of the Presentation. Introduction to Inventory Management The Effect of Demand Uncertainty (s,S) Policy Risk Pooling Centralized vs. Decentralized Systems Practical Issues in Inventory Management. Inventory.

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Optimal Level of Product Availability Chapter 12 of Chopra

Optimal Level of Product Availability Chapter 12 of Chopra. Outline. Determining optimal level of product availability Single order in a season Continuously stocked items Ordering under capacity constraints Levers to improve supply chain profitability.

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Inventory Management

Inventory Management. 12. PowerPoint presentation to accompany Heizer and Render Operations Management, 10e Principles of Operations Management, 8e PowerPoint slides by Jeff Heyl. Outline. The Importance of Inventory Functions of Inventory Types of Inventory Managing Inventory

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Topics To Be Covered

Topics To Be Covered. 1. Introduction 2. Why Do We Have Inventories? 3. Objectives of Inventory Control. 4. Requirements for Effective Inventory Management. 5. Inventory Factors & Relevant Costs. 6. Classification System & Order Size. 7. Economic Order Quantity.

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Review problem #1 Text problem 9 - 6, 7

Review problem #1 Text problem 9 - 6, 7. Weekly sales (in hundreds) of PERT shampoo at the SaveMor drug chain for the past 16 weeks are as follows: Management wishes to forecast the annual demand for PERT shampoo in order to determine an optimal order policy. Graph this time series.

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Outline EOQ Model with Price Break (All Units) The model The cost function and feasibility The procedure An example

LESSON 13 INVENTORY MODELS (DETERMINISTIC) EOQ MODEL WITH PRICE BREAKS. Outline EOQ Model with Price Break (All Units) The model The cost function and feasibility The procedure An example. EOQ Model with Price Breaks (All Units).

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Assignment Ch12(b)

Assignment Ch12(b). A small manufacturing firm uses approximately 3400 pounds of chemical dye per year. Currently the firm purchases 300 pounds per order and pays $3 per pound. The ordering cost is $100 and inventory carrying cost is 51 cents per unit per year. D= 3400, S= 100, H=.51

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