Probabilistic inventory models - PowerPoint PPT Presentation

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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Chapter 12 Inventory Models

Chapter 12 Inventory Models. Managerial Problem Solving Techniques – CBTL212. Introduction. Companies all face two competing pressures. the pressure to have enough inventory on hand they do not want to run out of products that customers demand the fixed cost of ordering or producing

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