Inventory Management: Techniques and Models

Related lectures (32)

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Covers Markov chains decomposition, LLN proof, Inventory Model application, and average costs.

Delves into the Bullwhip Effect in supply chains, analyzing its causes and implications.

Explores Seven-Eleven Japan's operational excellence, focusing on data collection, distribution, inventory management, and value creation strategies.

Introduces production engineering and supply chain dynamics, covering inventory theory, production flows, and optimal inventory policies.

Covers the basics of production management and the value chain.

Covers the fundamentals of Production Management, including objectives, framework, structure, assessments, and resources.

Explores strategies to address demand uncertainty using real-time data analysis and inventory control.

Explores the Markov Law of Large Numbers and long-run average costs in an inventory model.

Covers the (s,s)-inventory model, stationary Markov chains, time reversal property, and detailed balance condition.

Analyzes the LEGO supply chain, discussing root causes, challenges, implementation strategies, and successful turnaround.