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Stockout probability - PowerPoint PPT Presentation

Inventory Management

Inventory Management. Outline Basic Definitions and Ideas Reasons to Hold Inventory Inventory Costs Inventory Control Systems Continuous Review Models Basic EOQ Model Quantity Discounts Safety Stock Special Case: The News Vendor Problem Discrete Probability Example

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1.07k views • 70 slides

Dr. Abedini

IME 326. Dr. Abedini. Inventory Control. Inventory analysis Space and money prevent companies from producing goods Total Cost = Pc+Cc+Oc Where Pc = Purchasing Cost per year Cc =Carrying or Holding Cost per year Oc = Ordering Cost per year. C = $Cost/unit D = Annual demand

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378 views • 22 slides

Chapter 7 Demand Forecasting in a Supply Chain

Forecasting - 3 Demand Pooling Ardavan Asef-Vaziri Based on Operations management: Stevenson Operations Management: Jacobs, Chase, and Aquilano Supply Chain Management: Chopra and Meindl. Chapter 7 Demand Forecasting in a Supply Chain. Operations Management.

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334 views • 17 slides

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Stockout probability - PowerPoint PPT Presentation

Inventory Management

Dr. Abedini

Chapter 7 Demand Forecasting in a Supply Chain