Inventory Control Models Ch 5 (Uncertainty of Demand) R. R. Lindeke IE 3265, Production And Operations Management Lets do a µQUICK¶ Exploration of Stochastic Inventory…

Slide 1ISEN 315 Spring 2011 Dr. Gary Gaukler Slide 2 Lot Size Reorder Point Systems Assumptions –Inventory levels are reviewed continuously (the level of on-hand inventory…

1. Inventory Control Models Ch 5 (Uncertainty of Demand) R. R. Lindeke IE 3265, Production And Operations Management 2. Lets do a ‘QUICK’ Exploration of Stochastic Inventory…

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…

Slide 1 ISQA 458/558 Distribution & Replenishment Professor Mellie Pullman Slide 2 Point-of-sales Data: Original POS Data After Removing Promotions Promotions and their…

The Value of Information Bullwhip Effect While customer demand for specific products does not vary much Inventory and back-order levels fluctuate considerably across their…

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Slide 1 Continuous Review Systems in Inventory Management Talia Gruber Marriott School November 2011 Slide 2 Agenda Continuous review systems defined Inventory positions…