Inventory Management Decisions

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Description

This lecture covers topics related to inventory management decisions, including economic order quantity, economic production quantity, and total cost calculations. It also discusses the importance of optimal order quantities and factors influencing companies' order policies.

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Ontological neighbourhood

Business

Supply chain: Supply chain management

Related lectures (32)

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Instructor

sunt dolore fugiat esse

In course

DEMO: officia pariatur nostrud

Duis velit adipisicing ad Lorem. Veniam commodo Lorem anim sunt. Aute quis aute sunt sint.

Ontological neighbourhood

Business

Supply chain: Supply chain management

Related lectures (32)

Inventory Management: Principles and Models

Explores inventory management principles, decision variables, costs, and models like EOQ and EPQ, including challenges in implementing optimal order quantities.

Inventory Management Models

Explores inventory management models, including EOQ and Safety Stock, addressing demand and supply uncertainties.

Inventory Control: Newsvendor

Covers inventory control focusing on the Newsvendor model and its extensions in uncertain demand scenarios.

Inventory Control: EOQ Model

Explores inventory management basics, EOQ model sensitivity, inventory decisions components, and supply chain strategies.

Markov Chains Decomposition

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