'Replenishment lead' presentation slideshows

Safety Stock

For in-class discussion : Read pages: 287-291 and 302-312. Safety Stock. Managing Uncertainty in Supply Chain Safety Inventory. Safety Inventory. Safety inventory (safety stock) is the inventory carried for purpose of satisfying demand that exceeds amount forecasted in a given period.

3.87k views • 31 slides

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)

350 views • 19 slides

ISEN 315 Spring 2011 Dr. Gary Gaukler

ISEN 315 Spring 2011 Dr. Gary Gaukler. Review. Optimal (Q,R):. Solution Procedure . The optimal solution procedure requires iterating between the two equations for Q and R until convergence occurs (which is generally quite fast).

208 views • 7 slides

Service Levels and Lead Times in Supply Chains: The Order-up-to Inventory Model Chapter 13

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