Review For Final-Term 1 -Part 1

Review For Final-Term 1 -Part 1 - Lead time, holding cost,...

Info iconThis preview shows pages 1–8. Sign up to view the full content.

View Full Document Right Arrow Icon
Click to edit Master subtitle style 1/5/10 Review For Final-Term Part 1 Suman Niranjan
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Click to edit Master subtitle style 1/5/10 Chapter 3 - Forecasting Suman Niranjan
Background image of page 2
1/5/10 Chapter 3 What is forecasting and how is it tied to operations Understanding of : Elements of a good forecast and steps in forecasting Classifications in forecasting Quantitative Qualitative Different quantitative forecasting techniques and why
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
1/5/10 Chapter 3 Seasonality Difference between cycle and seasonality Seasonal index Computing seasonal relatives using center moving average Forecasting accuracy MAD, MSE, MAPE
Background image of page 4
1/5/10 Chapter 12 – Inventory Management
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
1/5/10 Inventory Management
Background image of page 6
Background image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 8
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Lead time, holding cost, shortage cost, ordering cost Different types of inventory counting methods Inventory turnover ratio, littles law ABC classification of the system 1/5/10 Economic Order Quantity Models Basic Economic order quantity (EOQ) model The order size that minimizes total annual cost Economic production model Quantity discount model 77 1/5/10 Inventory Management Reorder point, safety stock, service level, stock-out risk Problems Computing EOQ, EPQ, quantity discounts Computing Reorder point When demand and lead time are constant or random...
View Full Document

This note was uploaded on 01/04/2010 for the course OPM 311 taught by Professor Rui during the Spring '08 term at Binghamton University.

Page1 / 8

Review For Final-Term 1 -Part 1 - Lead time, holding cost,...

This preview shows document pages 1 - 8. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online