311_Session29_FinalReview

311_Session29_FinalReview - Session29:FinalReview...

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Operations Management Session 29:  Final Review
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 Session 29 Operations Management 2 Class Objectives Concepts review Sample final Question & Answer
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 Session 29 Operations Management 3 BUAD 311 1. Process Analysis and Capacity Management  20% 2. Optimization and Linear Programming 3. Managing Uncertainty20 % 4. Forecasting 5. Revenue Management 6. Inventory Management and Supply Chain   Coordination 60%  7. Project Management
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 Session 29 Operations Management 4 Session # 22 Introduction to Inventory Management Why do we carry inventory? How inventory will cost us? EOQ Model (lead time is zero) Model assumption Components of the total cost expression Tradeoff
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 Session 29 Operations Management 5 Session # 23 Demand Uncertainty Tradeoff Newsvendor Model assumption Objective function Marginal analysis Target service level Risk pooling in inventory management
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