Inventory Systems for Independent Demand Operations Management Assignment Help

Chapter Objectives

• Introduce the different types of inventories that can exist in an organization and provide a rationale for why companies maintain
inventories.
• Identify the various costs associated with carrying and maintai ninginventories.
• Define the classical inventory models and the conditions necessary for them to be applicable.
• Show how the economic order quantity IS calculated for each of the different inventory models.
• Introduce the single-period inventory model and the concept of yiel  management with respect to servce operations.
• Present some of the current inventory management trends and issues that exist in companies today.

 

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