SSdemo - Probabilistic Models When to Order Order...

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Unformatted text preview: Probabilistic Models: When to Order? Order? Probabilistic Models: When to Order? Order? Inventory Level Time Probabilistic Models: When to Order? Order? Inventory Level Optimal Optimal Order Quantity Quantity Time Probabilistic Models: When to Order? Order? Inventory Level Optimal Optimal Order Quantity Quantity Place Place order order Time Probabilistic Models: When to Order? Order? Inventory Level Optimal Optimal Order Quantity Quantity Place Place order order Receive Receive order order Time Probabilistic Models: When to Order? Order? Inventory Level Optimal Optimal Order Quantity Quantity Place Place order order Lead Time Receive Receive order order Time Probabilistic Models: When to Probabilistic Order? Order? Inventory Level Optimal Optimal Order Quantity Quantity Freq Distribution of Distribution Demand During Lead Time Lead X Place Place order order Lead Time Receive Receive order order Time Probabilistic Models: When to Probabilistic Order? Order? Inventory Level Optimal Optimal Order Quantity Quantity Freq X Place Place order order Lead Time Receive Receive order order Time Probabilistic Models: When to Probabilistic Order? Order? Inventory Level Optimal Optimal Order Quantity Quantity Freq X Place Place order order Lead Time Receive Receive order order Time Probabilistic Models: When to Probabilistic Order? Order? Inventory Level Optimal Optimal Order Quantity Quantity Freq X Place Place order order Lead Time Receive Receive order order Time Probabilistic Models: When to Probabilistic Order? Order? Inventory Level Optimal Optimal Order Quantity Quantity Freq X Place Place order order Lead Time Receive Receive order order Time Probabilistic Models: When to Probabilistic Order? Order? Inventory Level Optimal Optimal Order Quantity Quantity Freq X Place Place order order Lead Time Receive Receive order order Time Probabilistic Models: When to Probabilistic Order? Order? Inventory Level Optimal Optimal Order Quantity Quantity Freq X Place Place order order Lead Time Receive Receive order order Time Probabilistic Models: When to Probabilistic Order? Order? Inventory Level Optimal Optimal Order Quantity Quantity Freq X Place Place order order Lead Time Receive Receive order order Time Probabilistic Models: When to Probabilistic Order? Order? Inventory Level Optimal Optimal Order Quantity Quantity Freq X Place Place order order Lead Time Receive Receive order order Time Probabilistic Models: When to Probabilistic Order? Order? Inventory Level Optimal Optimal Order Quantity Quantity Freq X Place Place order order Lead Time Receive Receive order order Time Probabilistic Models: When to Probabilistic Order? Order? Inventory Level Optimal Optimal Order Quantity Quantity Freq X Place Place order order Lead Time Receive Receive order order Time Probabilistic Models: When to Probabilistic Order? Order? Inventory Level Optimal Optimal Order Quantity Quantity Freq X Place Place order order Lead Time Receive Receive order order Time Probabilistic Models: When to Probabilistic Order? Order? Inventory Level Optimal Optimal Order Quantity Quantity Freq X Place Place order order Lead Time Receive Receive order order Time Probabilistic Models: When to Probabilistic Order? Order? Inventory Level Optimal Optimal Order Quantity Quantity Freq X Place Place order order Lead Time Receive Receive order order Time Probabilistic Models: When to Probabilistic Order? Order? Inventory Level Optimal Optimal Order Quantity Quantity Freq X Place Place order order Lead Time Receive Receive order order Time Probabilistic Models: When to Probabilistic Order? Order? Inventory Level Optimal Optimal Order Quantity Quantity Freq X Place Place order order Lead Time Receive Receive order order Time Probabilistic Models: When to Probabilistic Order? Order? Inventory Level Optimal Optimal Order Quantity Quantity Freq X Place Place order order Lead Time Receive Receive order order Time Probabilistic Models: When to Probabilistic Order? Order? Inventory Level Optimal Optimal Order Quantity Quantity Freq X Place Place order order Lead Time Receive Receive order order Time Probabilistic Models: When to Probabilistic Order? Order? Inventory Level Optimal Optimal Order Quantity Quantity Freq X Place Place order order Lead Time Receive Receive order order Time Probabilistic Models: When to Probabilistic Order? Order? Inventory Level Optimal Optimal Order Quantity Quantity Freq X Place Place order order Lead Time Receive Receive order order Time Probabilistic Models: When to Probabilistic Order? Order? Inventory Level Optimal Optimal Order Quantity Quantity Freq X Place Place order order Lead Time Receive Receive order order Time Probabilistic Models: When to Probabilistic Order? Order? Inventory Level Optimal Optimal Order Quantity Quantity Freq X Place Place order order Lead Time Receive Receive order order Time Inventory Level Optimal Optimal Order Quantity Quantity Probabilistic Models: When to Probabilistic Order? ervice Order? S Service Freq Level Level P(Stockout) X Place Place order order Lead Time Receive Receive order order Time Inventory Level Optimal Optimal Order Quantity Quantity Probabilistic Models: When to Probabilistic Order?Service Order?Service Freq Level Level P(Stockout) SS X Safety Stock (SS) Safety Place Place order order Lead Time Receive Receive order order Time Inventory Level Optimal Optimal Order Quantity Quantity Reorder Reorder Point (R) Point Probabilistic Models: When to Probabilistic Order? ervice Order? S Service Freq Level Level P(Stockout) SS R X Safety Stock (SS) Place Place order order Lead Time Receive Receive order order Time Inventory Level Optimal Optimal Order Quantity Quantity Reorder Reorder Point (R) Point Probabilistic Models: When to Probabilistic Order? ervice Order? S Service Freq Level Level P(Stockout) SS R X Safety Stock (SS) Place Place order order Lead Time Receive Receive order order Time End of Chapter Any blank slides that follow are blank intentionally. ...
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This note was uploaded on 09/10/2010 for the course ISDS 3115 taught by Professor Woosley during the Fall '08 term at LSU.

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