ISDS 361B - Spring 2012

WEEK 11

Topic for the week:   

       Inventory Models

Contents:

• Basic EOQ Model

Example: Allen Appliance Company

• Determining Safety Stock Levels

        Example: Allen Appliance Company

• Quantity Discount Schedules

          Example: Allen Appliance Company

   

• Production Lot Size Model

          Example: Farah Cosmetic Company

   

• Planned Shortage Model

  Example: Scanlon Plumbing Corporation

   

Lecture Materials:

            Template

• INVENTORY.XLS

Power Point File

• INVENTORY -- Basic Concepts

• INVENTORY -- Service Levels

• INVENTORY -- Quantity Discount Models

• INVENTORY -- Production Lot Size Models

• INVENTORY -- Planned Shortage Models

Excel File

Homework Assignment:

• Homework 9 - Question and Answer

Reading for Next Week

• Chapter 5 - Decision Models

Announcement:

• Test #2 rescheduled to April 16, 2012, Monday