Inventory Control Guide

ADVERTISEMENT

Inventory Control
When to order ?
How many to order ?
Contents
1. FRAMEWORK OF PLANNING DECISIONS ............................................................................... 1
2. INVENTORY CONTROL................................................................................................................. 2
2.1 C
S
............................................................................................................................. 3
ONTROL
YSTEMS
2.2 P
...................................................................................................................................... 4
ARAMETERS
2.3 C
.................................................................................................................................................. 5
OSTS
3. INVENTORY CONTROL: DETERMINISTIC MODEL.............................................................. 6
3.1 W
'
M
T
EOQ M
............................................................................................. 6
ILSON
S
ODEL OR
HE
ODEL
3.2 EOQ:
................................................................................................................. 9
MARGINAL ANALYSIS
3.3 EOQ:
.................................................................................................... 10
EXAMPLES AND SENSITIVITY
3.4 EOQ
L
........................................................................................................ 11
WITH POSITIVE
EAD TIME
3.5 EOQ
................................................................................................ 12
WITH FINITE PRODUCTION RATE
3.6 EOQ
D
................................................................................................. 13
WITH
ISCOUNT ON ALL UNITS
3.7 EOQ
................................................................................................. 16
WITH INCREMENTAL DISCOUNT
3.8 E
R
I
............................................................................................ 18
CONOMIC
EPLENISHMENT
NTERVAL
4 INVENTORY CONTROL: STOCHASTIC MODELS ................................................................. 19
4.1 R
D
............................................................................................................................ 19
ANDOM
EMAND
4.2 L
-
(Q, R)
...................................................................... 21
OT SIZE
REORDER POINT MODEL OR
MODEL
4.3 O
1: S
P
............................................................................................ 23
BJECTIVE
TOCKOUT
ROBABILITY
4.4 O
2: F
R
(
)........................................................................................ 28
BJECTIVE
ILL
ATE
SERVICE LEVEL
4.5 O
3: M
........................................................................................ 31
BJECTIVE
INIMIZE THE TOTAL COSTS
4.6 P
R
S
.............................................................................................................. 33
ERIODIC
EVIEW
YSTEMS
4.7 L
T
V
................................................................................................................... 37
EAD
IME
ARIABILITY
5. MULTIPRODUCT SYSTEMS: ABC ANALYSIS........................................................................ 38
Silver E.A. and R.Peterson, Decision Systems for Inventory Management and Production
Planning, Second Edition, John Wiley & Sons, 1995.
Prod 2100-2110
Inventory Control
0

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Education