'Newsvendor model' diaporamas de présentation

Newsvendor Model

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The Newsvendor Model: Lecture 10

The Newsvendor Model: Lecture 10. Risks from stockout and markdown The Newsvendor model Application to postponement Review for inventory management. Risks from Stockout and Markdown. MBPF designed a fancy garage FG to sell in the Christmas season

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Chapter 12: Inventory Control

Chapter 12: Inventory Control. Purposes of Inventory. 1. To maintain independence of operations 2. To meet variation in product demand 3. To allow flexibility in production scheduling 4. To provide a safeguard for variation in raw material delivery time

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Slides 8a: Introduction

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Uncertain Demand: The Newsvendor Model

Inventory Models. Uncertain Demand: The Newsvendor Model. Background: expected value. A fruit seller example. What is the expected profit for a stock of 100 mangoes ?. 0.8 x 100 ($4) + 0.2 x 100 x ($1) = 320 + 20 = $340. random variable: a i. probability: p i.

889 views • 19 slides

Uncertain Demand: The Newsvendor Model

Inventory Models. Uncertain Demand: The Newsvendor Model. Background: expected value. A fruit seller example. What is the expected profit for a stock of 100 mangoes ?. 0.8 x 100 ($4) + 0.2 x 100 x ($1) = 320 + 20 = $340. random variable: a i. probability: p i.

217 views • 19 slides

EOQ Assumptions

EOQ Assumptions. EPL model relaxes this one. 1. Instantaneous production. 2. Immediate delivery. 3. Deterministic demand . 4. Constant demand. 5. Known fixed setup costs. 6. Single product or separable products. lags can be added to EOQ or other models. newsvendor and (Q,r) relax this one.

1.04k views • 14 slides