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Stastical Inventory Model I
- Introduction
This module reviews Optimization techniques for inventory control based on Wilson's classic model, which breaks the optimization problem into "order quantity" and "reorder point".
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Instructional Objectives
- Apply optimization techniques to inventory model
- Calculate the appropriate order quantity in the face of uncertain demand.
- Analyze the implication of the .Newboys Model.
- Student Materials
Statistical Inventory model I (PPT)
- Instructor guide
Guide 1 Word
- Reading Assessment
- Assignment
- Case Study
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