Inventory: Problem Solving
EOQ: Example 1
The ABC Semi Conductor Company purchase 40,000
units of mother board each year at a cost of $30.00
per unit. The ordering cost is $10.00 per order, and
the annual holding cost is estimated at 15% of the
Is the process by which a manager communicates
with and influences other members of the
organization in the pursuit of company objectives
to achieve the desirable ends.
It is the human aspect of managing through which
1.2 Materials Management
1.3 Inventory Problem Classifications
1.4 Properties of Inventory
1.5 Inventory Costs
1.6 Inventory Model
Most of the organizations use, transform, di
Eight Steps to Forecasting
Determine the use of the forecast
Select the items or quantities that are to be forecasted.
Determine the time horizon of the forecast.
What objective are we trying to obtain?
Short time horizon 1 to 30 days
it is the process of designing and
maintaining an environment in which
individuals, working together in groups,
is unifying and coordinating activity which
deals with selecting missions and
objectives and the actions to achieve them. It
requires decision-making, that is, choosing from
among alternative future courses of action.
provide a rational approach to achieving
PURPOSE OF ORGANIZING
The word organizing stems from the word organism
which simply means to create a structure with fully
integrated parts that are related to each other and is
governed by their relationships to the whole. The results
of combining are di
Decision and Risk Analysis
Syed M. Ahmed, Ph.D.
The Linear Programming Model
Examples of Linear Programming Problems
Developing Linear Programming Models
Graphical Solution to LP Problems
WAGAN MARK CITIEL
CASE STUDY: MOUNTAIN WEST HEALTH PLANS INC.
Facts of the Case
Martin Quinn, SVP for service and operations for Health Insurance Company is looking for
opportunity to control costs of labor intensive department.