TAILIEUCHUNG - Lecture Principle of inventory and material management - Lecture 23
Lecture 23 - Order Quantities. The contents of this chapter include all of the following: Objectives of inventory management, lot size decision, inventory models, EOQ, robust model, reorder point, production order quantity model, quantity discount model. | Lecture 23 Order Quantities Books Introduction to Materials Management, Sixth Edition, J. R. Tony Arnold, ., CFPIM, CIRM, Fleming College, Emeritus, Stephen N. Chapman, ., CFPIM, North Carolina State University, Lloyd M. Clive, ., CFPIM, Fleming College Operations Management for Competitive Advantage, 11th Edition, by Chase, Jacobs, and Aquilano, 2005, .: McGraw-Hill/Irwin. Operations Management, 11/E, Jay Heizer, Texas Lutheran University, Barry Render, Graduate School of Business, Rollins College, Prentice Hall Objectives Objectives of inventory management Lot size decision Inventory models EOQ Robust model Reorder point Production order quantity model Quantity discount model Objectives of Inventory Management Determine: How much should be ordered at one time? When should an order be placed? Lot-Size Decision Rules Lot-for-lot. Order exactly what is needed. Fixed-order quantity. Arbitrary Order “n” periods supply. Satisfy demand for a given period of demand. Inventory
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