Slide 1ISEN 315 Spring 2011 Dr. Gary Gaukler Slide 2 Newsvendor Model - Assumptions Assumptions: One short selling season No re-supply within selling season Single procurement…
Slide 11 Overview Slide 2 2 Benefits of RATC Applications Real-time corrective Hour ahead corrective and preventive Day ahead corrective Day ahead market/economic based RATC…
Slide 1 Global Sourcing, or “What’s a ‘Supply Chain?’” Dr. Ron Lembke Operations Management Slide 2 Old View of the World One company does all processing, from…
Slide 1 ISEN 315 Spring 2011 Dr. Gary Gaukler Slide 2 Demand Uncertainty How do we come up with our random variable of demand? Recall naïve method: Slide 3 Demand Uncertainty…