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CHAPTER 15: INVENTORY MODELS

CHAPTER 15: INVENTORY MODELS. Outline Deterministic models The Economic Order Quantity (EOQ) model Sensitivity analysis A price-break Model Probabilistic Inventory models Single-period inventory models A fixed order quantity model A fixed time period model. Inventory Decision Issues.

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Inventory

Inventory. Stock of items held to meet future demand Tangible goods Intangible goods Inventory management answers two questions How much to order? When to order?. Types of Inventory. Raw materials Purchased parts and supplies Labor In-process (partially completed) products

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Inventory

Stock of items held to meet future demand Tangible goods Intangible goods Inventory management answers two questions How much to order? When to order?. Inventory. Raw materials Purchased parts and supplies Labor In-process (partially completed) products Component parts Working capital

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666 views • 25 slides

Inventory

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275 views • 25 slides

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Eoq cost model - PowerPoint PPT Presentation

CHAPTER 15: INVENTORY MODELS

Inventory

Inventory

Inventory