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Stastical Inventory Model II
- Introduction
This module reviews Optimization techniques for inventory control based on the Base Stock and the (Q,r) model.
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Instructional Objectives
- Apply optimization technique to inventory model
- Calculate the appropriate order quantity in the face of uncertain demand.
- Derive the (Q, r) model from the integration of the EOQ model and the EPL model.
- Analyze the implication of the (Q, r) model
- Student Materials
Statistical Inventory model I (PPT)
Graph of Inventory vs. Time
- Instructor guide
Guide 1 Word
- Reading Assessment
- Assignment
- Case Study
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