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Inventory Control Models

Inventory Control Models. Ch 5 (Uncertainty of Demand) R. R. Lindeke IE 3265, Production And Operations Management. Lets do a ‘QUICK’ Exploration of Stochastic Inventory Control (Ch 5). We will examine underlying ideas –

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Chapter 5 Inventory Control Subject to Uncertain Demand

Chapter 5 Inventory Control Subject to Uncertain Demand. Timing Decisions. Quantity decisions made together with decision When to order? One of the major decisions in management of the inventory systems. Impacts: inventory levels, inventory costs, level of service provided Models:

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1.07k views • 23 slides

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