Inventory Planning & Control I
- Introduction and fundamental concepts
- Characteristics of inventory systems
- Forecasting models
- EOQ model and its sensitivity analysis
- Considering back ordering and lost sales in EOQ model
- Multi-commodity case in EOQ model
- EPQ model and its analysis
- Considering back ordering in EPQ model
- Multi-commodity case in EPQ model
- Inventory models with constraints
- Inventory models with discounts
- Models for sale and price changes
- Introduction to FOI and FOS systems in probabilistic models
- Dynamic lot sizing techniques
- ABC analysis and Two-bin system
- Probabilistic models of inventory control