Transcription of Inventory Control - UCL/ESPO/IAG
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Example: air traffic controller
Inventory Control - UCL/ESPO/IAG
Prod 2100-2110 Inventory Control 0 Inventory Control When to order ? How many to order ? Contents 1. FRAMEWORK OF PLANNING DECISIONS .. 1 2. Inventory 2 Control 3 4 5 3. Inventory Control : DETERMINISTIC MODEL .. 6 WILSON'S MODEL OR THE EOQ 6 EOQ: MARGINAL 9 EOQ: EXAMPLES AND 10 EOQ WITH POSITIVE LEAD 11 EOQ WITH FINITE PRODUCTION 12 EOQ WITH DISCOUNT ON ALL 13 EOQ WITH INCREMENTAL 16 ECONOMIC REPLENISHMENT 18 4 Inventory Control : STOCHASTIC MODELS .. 19 RANDOM 19 LOT SIZE - REORDER POINT MODEL OR (Q, R) 21 OBJECTIVE 1: STOCKOUT 23 OBJECTIVE 2: FILL RATE (SERVICE LEVEL).. 28 OBJECTIVE 3: MINIMIZE THE TOTAL 31 PERIODIC REVIEW 33 LEAD TIME 37 5. MULTIPRODUCT SYSTEMS: ABC 38 Silver and , Decision Systems for Inventory Management and Production Planning, Second Edition, John Wiley & Sons, 1995.
Prod 2100-2110 Inventory Control 2 2. Inventory Control Here are several examples which illustrates the ins and outs of the inventory control.
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